Mohammed Abbas - 05 Mar 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammed Abbas
Issuer symbol
FDP
Transactions as of
05 Mar 2024
Net transactions value
-$78,456
Form type
4
Filing time
07 Mar 2024, 18:23:09 UTC
Previous filing
05 Mar 2024
Next filing
02 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $78,456 -3,222 -9.7% $24.35 29,945 05 Mar 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FDP Dividend Equivalent Units 2,150 05 Mar 2024 Ordinary Shares 2,150 Direct F2
holding FDP Restricted Stock Units 2,838 05 Mar 2024 Ordinary Shares 2,838 Direct F3, F4
holding FDP Restricted Stock Units 7,156 05 Mar 2024 Ordinary Shares 7,156 Direct F3, F5
holding FDP Performance Stock Units 4,000 05 Mar 2024 Ordinary Shares 4,000 Direct F6, F7
holding FDP Performance Stock Units 3,552 05 Mar 2024 Ordinary Shares 3,552 Direct F6, F8
holding FDP Performance Stock Units 3,000 05 Mar 2024 Ordinary Shares 3,000 Direct F6, F9
holding FDP Performance Stock Units 1,948 05 Mar 2024 Ordinary Shares 1,948 Direct F6, F10
holding FDP Performance Stock Units 3,791 05 Mar 2024 Ordinary Shares 3,791 Direct F6, F11
holding FDP Performance Stock Units 3,269 05 Mar 2024 Ordinary Shares 3,269 Direct F6, F12
holding FDP Performance Stock Units 29,729 05 Mar 2024 Ordinary Shares 29,729 Direct F6, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs").
F2 Each Dividend Equivalent Unit ("DEU") represents a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying RSUs and/or PSUs to which they relate.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 The RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vesting occurs on 3/2/2025.
F5 The RSUs were awarded on 3/2/2023 and vest in three equal annual installments over three years. The remaining vestings will occur on 3/2/2025 and 3/2/2026.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 The PSUs were awarded on 2/24/2016 subject to meeting minimum performance criteria, which was met at a 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F8 The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at a 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F9 The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at a 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10 The PSUs were awarded on 3/2/2020 and are earned subject to meeting minimum performance criteria which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F11 The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded on 6/15/2022 and subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
F13 The PSUs were awarded on 3/1/2024 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.