Jesus Rodriguez Calvo - Jun 7, 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
Stock symbol
FDP
Transactions as of
Jun 7, 2024
Transactions value $
$0
Form type
4
Date filed
6/11/2024, 07:52 PM
Previous filing
Apr 2, 2024

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 +148 +47.52% $0.00 459 Jun 7, 2024 Ordinary Shares 148 Direct F1, F2
holding FDP Restricted Stock Units 900 Jun 7, 2024 Ordinary Shares 900 Direct F3, F4
holding FDP Restricted Stock Units 2.21K Jun 7, 2024 Ordinary Shares 2.21K Direct F3, F5
holding FDP Performance Stock Units 1.35K Jun 7, 2024 Ordinary Shares 1.35K Direct F6, F7
holding FDP Performance Stock Units 8.62K Jun 7, 2024 Ordinary Shares 8.62K Direct F6, F8
* 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 Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs 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 and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
F3 RSUs convert to Ordinary Shares on a one-for-one basis.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 The PSUs were awarded on 6/15/2022 and are earned 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.
F8 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.