Ajai Puri - 19 Feb 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Director
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Ajai Puri
Issuer symbol
FDP
Transactions as of
19 Feb 2024
Net transactions value
$0
Form type
4
Filing time
02 May 2024, 17:59:33 UTC
Next filing
07 May 2024
SEC
View on sec.gov

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
transaction FDP Dividend Equivalent Units Award $0 +13 $0.000000 13 29 Mar 2024 Ordinary Shares 13 Direct F1, F2
transaction FDP Restricted Stock Units Award $0 +1,313 $0.000000 1,313 19 Feb 2024 Ordinary Shares 1,313 Direct F3, F4, F5
* 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 FDP. DEUs are subject to the same restrictions and vesting criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate.
F2 Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs are subject to the same restrictions and vesting conditions as the underlying RSUs.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 Represents a pro-rata award of the annual director equity retainer award from appointment to the Board.
F5 These RSUs shall vest on May 4, 2024.