Helmuth Lutty - Nov 8, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, Network Shipping & Ops
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Helmuth Lutty
Stock symbol
FDP
Transactions as of
Nov 8, 2022
Transactions value $
-$200,463
Form type
4
Date filed
11/10/2022, 06:55 PM
Previous filing
Sep 13, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$200K -7.16K -100% $28.00 0 Nov 8, 2022 Direct F1

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 505 Nov 8, 2022 Ordinary Shares 505 Direct F2
holding FDP Restricted Stock Units 400 Nov 8, 2022 Ordinary Shares 400 Direct F3, F4
holding FDP Restricted Stock Units 1.05K Nov 8, 2022 Ordinary Shares 1.05K Direct F3, F5
holding FDP Restricted Stock Units 2.33K Nov 8, 2022 Ordinary Shares 2.33K Direct F3, F6
holding FDP Restricted Stock Units 2.17K Nov 8, 2022 Ordinary Shares 2.17K Direct F3, F7
holding FDP Performance Stock Units 2K Nov 8, 2022 Ordinary Shares 2K Direct F8, F9
holding FDP Performance Stock Units 2.18K Nov 8, 2022 Ordinary Shares 2.18K Direct F8, F10
holding FDP Performance Stock Units 3.18K Nov 8, 2022 Ordinary Shares 3.18K Direct F8, F11
holding FDP Performance Stock Units 3.57K Nov 8, 2022 Ordinary Shares 3.57K Direct F8, 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 purchased. The prices of the shares purchased pursuant to the transaction ranged from $27.85 to $28.20 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 purchased at each separate 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 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vesting of 400 shares will occur on 2/20/2023.
F5 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F6 RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on each 3/1/2023 and 3/1/2024.
F7 RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The vestings will occur on 6/15/2023, 3/2/2024 and 3/2/2025.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. Once earned, the PSUs vest 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.
F10 The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. Once earned, the PSUs vest 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.
F11 The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. Once earned, the PSUs vest 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.
F12 The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.