Jorge Pelaez - Aug 19, 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez Reyes
Stock symbol
FDP
Transactions as of
Aug 19, 2024
Transactions value $
-$150,297
Form type
4
Date filed
8/21/2024, 04:59 PM
Previous filing
Jun 11, 2024
Next filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$150K -5.42K -100% $27.75 0 Aug 19, 2024 Direct F1, F2

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 1.07K Aug 19, 2024 Ordinary Shares 1.07K Direct F3
holding FDP Restricted Stock Units 574 Aug 19, 2024 Ordinary Shares 574 Direct F4, F5
holding FDP Restricted Stock Units 1.48K Aug 19, 2024 Ordinary Shares 1.48K Direct F4, F6
holding FDP Performance Stock Units 3K Aug 19, 2024 Ordinary Shares 3K Direct F7, F8
holding FDP Performance Stock Units 2.09K Aug 19, 2024 Ordinary Shares 2.09K Direct F7, F9
holding FDP Performance Stock Units 2.39K Aug 19, 2024 Ordinary Shares 2.39K Direct F7, F10
holding FDP Performance Stock Units 881 Aug 19, 2024 Ordinary Shares 881 Direct F7, F11
holding FDP Performance Stock Units 6K Aug 19, 2024 Ordinary Shares 6K Direct F7, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $27.71 to $27.77 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 A fractional share was paid in cash.
F3 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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2025.
F6 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.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 The PSUs were awarded 2/20/2019 subject to meeting minimum performance criteria, which was met at 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.
F9 The PSUs were awarded on 3/2/2020 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.
F10 The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F11 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.
F12 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 annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.