Jesus Rodriguez Calvo - 14 Mar 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, NA Sales & Marketing
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Jesus Rodriguez Calvo
Issuer symbol
FDP
Transactions as of
14 Mar 2024
Net transactions value
-$59,065
Form type
4
Filing time
18 Mar 2024, 18:32:17 UTC
Previous filing
07 Mar 2024
Next filing
02 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $59,065 -2,402 -100% $24.59 0 14 Mar 2024 Direct

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 183 14 Mar 2024 Ordinary Shares 183 Direct F1
holding FDP Restricted Stock Units 900 14 Mar 2024 Ordinary Shares 900 Direct F2, F3
holding FDP Restricted Stock Units 2,210 14 Mar 2024 Ordinary Shares 2,210 Direct F2, F4
holding FDP Performance Stock Units 1,347 14 Mar 2024 Ordinary Shares 1,347 Direct F5, F6
holding FDP Performance Stock Units 8,617 14 Mar 2024 Ordinary Shares 8,617 Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Dividend Equivalent Unit ("DEUs") represents a contingent right to receive one Ordinary Share of the Issuer. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F2 The RSUs convert to Ordinary Shares on a one-for-one basis.
F3 The RSUs were awarded on 12/1/2020 and vest in five equal installments over four years. The remaining vesting will occur on 12/1/2024.
F4 The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vestings will occur on 3/2/2025 and 3/2/2026.
F5 The PSUs convert to Ordinary Shares on a one-for-one basis.
F6 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.
F7 The PSUs were awarded on 3/1/2024 and are subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.