Ghazaleh Mohammad Abu - 06 Sep 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammad Abu-Ghazaleh
Issuer symbol
FDP
Transactions as of
06 Sep 2024
Net transactions value
$0
Form type
4
Filing time
10 Sep 2024, 17:05:00 UTC
Previous filing
11 Jun 2024
Next filing
10 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 7,028,997 06 Sep 2024 Direct
holding FDP Ordinary Shares 20,000 06 Sep 2024 Held by Spouse

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 +1,876 +31% $0.000000 7,951 06 Sep 2024 Ordinary Shares 1,876 Direct F1, F2
holding FDP Restricted Stock Units 15,155 06 Sep 2024 Ordinary Shares 15,155 Direct F3, F4
holding FDP Performance Stock Units 33,635 06 Sep 2024 Ordinary Shares 33,635 Direct F5, F6
holding FDP Performance Stock Units 164,136 06 Sep 2024 Ordinary Shares 164,136 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 ("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.
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 The RSUs convert to Ordinary Shares on a one-for-one basis.
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-to-one basis.
F6 The PSUs were awarded on 7/6/2022 and are earned subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal installments. The remaining vesting will occur on 3/2/2025.
F7 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.