Marissa R. Tenazas - Sep 6, 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, CHRO
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Marissa R. Tenazas
Stock symbol
FDP
Transactions as of
Sep 6, 2024
Transactions value $
$0
Form type
4
Date filed
9/10/2024, 05:05 PM
Previous filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 2.11K Sep 6, 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
transaction FDP Dividend Equivalent Units Award $0 +64 +78.38% $0.00 146 Sep 6, 2024 Ordinary Shares 64 Direct F1, F2
holding FDP Performance Stock Units 7.39K Sep 6, 2024 Ordinary Shares 7.39K Direct F3, F4
* 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 and/or performance criteria based on the underlying 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 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 PSUs are subject to the same restrictions and vesting conditions as the underlying PSUs.
F3 The PSUs convert to Ordinary Shares on a one-to-one basis.
F4 The PSUs were awarded on 4/1/2024 and are earned subject to meeting the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each 4/1/2025, 4/1/2026 and 4/1/2027.