Youssef Zakharia - 31 Jan 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Reporting relationship
President and COO
Issuer ticker
FDP
Reported as of
31 Jan 2022
Net transaction value
-$454,212
Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Feb 2022, 18:24:10 UTC
Prior SEC filing
14 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Marlene Gordon, Attorney-in-fact for Youssef Zakharia

Key filing fact

Youssef Zakharia filed Form 4 for FRESH DEL MONTE PRODUCE INC (FDP) on 02 Feb 2022.

Key facts

  • This page summarizes Youssef Zakharia's Form 4 filing for FRESH DEL MONTE PRODUCE INC (FDP).
  • 15 reported transactions and 15 derivative rows are listed below.
  • Accepted by SEC: 02 Feb 2022, 18:24.

Change

  • Previous filing in this sequence was filed on 14 Dec 2021.
  • Current net transaction value: -$454,212.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FDP transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+1,600
Change %
+8.5%
Price
$0.000000
Shares after
20,456
Date
31 Jan 2022
Ownership
Direct
FDP transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+8,000
Change %
+39%
Price
$0.000000
Shares after
28,456
Date
31 Jan 2022
Ownership
Direct
FDP transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+11,160
Change %
+39%
Price
$0.000000
Shares after
39,616
Date
31 Jan 2022
Ownership
Direct
FDP transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+19,813
Change %
+50%
Price
$0.000000
Shares after
59,429
Date
31 Jan 2022
Ownership
Direct
FDP transaction

Ordinary Shares

Options Exercise

Transaction value
$0
Shares
+1,005
Change %
+1.7%
Price
$0.000000
Shares after
60,434
Date
31 Jan 2022
Ownership
Direct
FDP transaction

Ordinary Shares

Sale

Transaction value
$454,212
Shares
-16,451
Change %
-27%
Price
$27.61
Shares after
43,983
Date
31 Jan 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FDP transaction Derivative

Dividend Equivalent Units

Options Exercise

Transaction value
$0
Shares
-1,008
Change %
-18%
Price
$0.000000
Shares after
4,735
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
1,008
Exercise price
Footnotes
F2, F3
FDP transaction Derivative

Dividend Equivalent Units

Disposed to Issuer

Transaction value
$0
Shares
-804
Change %
-17%
Price
$0.000000
Shares after
3,931
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
804
Exercise price
Footnotes
F2, F4
FDP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-1,600
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
1,600
Exercise price
Footnotes
F5, F6
FDP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-8,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
8,000
Exercise price
Footnotes
F5, F7
FDP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-11,160
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
11,160
Exercise price
Footnotes
F5, F8
FDP transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-19,813
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
19,813
Exercise price
Footnotes
F5, F9
FDP transaction Derivative

Performance Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-5,000
Change %
-33%
Price
$0.000000
Shares after
10,000
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
5,000
Exercise price
Footnotes
F10, F17
FDP transaction Derivative

Performance Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-10,292
Change %
-67%
Price
$0.000000
Shares after
5,146
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
10,292
Exercise price
Footnotes
F10, F18
FDP transaction Derivative

Performance Stock Units

Disposed to Issuer

Transaction value
$0
Shares
-19,813
Change %
-100%
Price
$0.000000*
Shares after
0
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
19,813
Exercise price
Footnotes
F10, F19
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,000
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
5,000
Exercise price
Footnotes
F10, F11
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,000
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
5,000
Exercise price
Footnotes
F10, F12
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,000
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
5,000
Exercise price
Footnotes
F10, F13
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,750
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
4,750
Exercise price
Footnotes
F10, F14
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,000
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
4,000
Exercise price
Footnotes
F10, F15
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
14,208
Date
31 Jan 2022
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
14,208
Exercise price
Footnotes
F10, F16
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Youssef Zakharia is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 19 footnotes

Footnote F1

Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").

Footnote F2

Each Dividend Equivalent Unit ("DEUs") represent 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.

Footnote F3

.6753 DEUs were deducted from the total due to fractional shares being paid in cash.

Footnote F4

These unvested DEUs are related to the forfeited PSUs that were also forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022. See footnotes 17, 18 and 19.

Footnote F5

The RSUs convert to Ordinary Shares on a one-for-one basis.

Footnote F6

RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F7

RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F8

RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F9

The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F10

The PSUs convert to Ordinary Shares on a one-for-one basis.

Footnote F11

The PSUs were awarded 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F12

The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F13

The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F14

The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F15

The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F16

The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch vested on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F17

The PSUs were awarded 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. 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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F18

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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Footnote F19

The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. 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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

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