Ghazaleh Mohammad Abu - 28 Apr 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
Issuer symbol
FDP
Transactions as of
28 Apr 2023
Net transactions value
$0
Form type
4
Filing time
28 Oct 2024, 17:03:47 UTC
Previous filing
04 Apr 2023
Next filing
13 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Gift $0 -2,000,000 -28% $0.000000 5,028,997 28 Apr 2023 Direct F1
holding FDP Ordinary Shares 20,000 28 Apr 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 7,951 28 Apr 2023 Ordinary Shares 7,951 Direct F2
holding FDP Restricted Stock Units 15,155 28 Apr 2023 Ordinary Shares 15,155 Direct F3, F4
holding FDP Performance Stock Units 33,635 28 Apr 2023 Ordinary Shares 33,635 Direct F5, F6
holding FDP Performance Stock Units 164,136 28 Apr 2023 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 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.