Mohammad Abu - Apr 28, 2023 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
Stock symbol
FDP
Transactions as of
Apr 28, 2023
Transactions value $
$0
Form type
4
Date filed
10/28/2024, 05:03 PM
Previous filing
Apr 4, 2023
Next filing
Jun 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Gift $0 -2M -28.45% $0.00 5.03M Apr 28, 2023 Direct F1
holding FDP Ordinary Shares 20K Apr 28, 2023 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
holding FDP Dividend Equivalent Units 7.95K Apr 28, 2023 Ordinary Shares 7.95K Direct F2
holding FDP Restricted Stock Units 15.2K Apr 28, 2023 Ordinary Shares 15.2K Direct F3, F4
holding FDP Performance Stock Units 33.6K Apr 28, 2023 Ordinary Shares 33.6K Direct F5, F6
holding FDP Performance Stock Units 164K Apr 28, 2023 Ordinary Shares 164K Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction involves a gift of ordinary shares, which had no sales or purchase price.
F2 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.
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.