Jesus Rodriguez Calvo - Dec 1, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role: SVP, NA Sales & Marketing
Signature: /s/ Effie D. Silva, Attorney-in-Fact for Jesus Rodriguez Calvo
Stock symbol: FDP
Transactions as of: Dec 1, 2022
Transactions value $: -$9,273
Form type: 4
Date filed: 12/13/2022, 04:37 PM
Previous filing: Sep 13, 2022
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FDP	Ordinary Shares	Options Exercise	$0	+900		$0.00	900	Dec 1, 2022	Direct
transaction	FDP	Ordinary Shares	Options Exercise	$0	+31	+3.44%	$0.00	931	Dec 1, 2022	Direct	F1
transaction	FDP	Ordinary Shares	Sale	-$9.27K	-346	-37.16%	$26.80	585	Dec 1, 2022	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	Options Exercise	$0	-31.7	-26.67%	$0.00	87.2	Dec 1, 2022	Ordinary Shares	31.7		Direct	F2
transaction	FDP	Dividend Equivalent Units	Award	$0	+33.3	+38.22%	$0.00	121	Dec 9, 2022	Ordinary Shares	33.3		Direct	F2, F3
transaction	FDP	Restricted Stock Units	Options Exercise	$0	-900	-33.33%	$0.00	1.8K	Dec 1, 2022	Ordinary Shares	900		Direct	F4, F5
holding	FDP	Performance Stock Units						4.07K	Dec 1, 2022	Ordinary Shares	4.07K		Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	.7127 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
F2	Each 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.
F3	Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or 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 RSUs and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
F4	RSUs convert to Ordinary Shares on a one-for-one basis.
F5	RSUs were awarded on 12/1/2020 and vest in five equal installments over four years. The remaining vestings will occur on 12/1/2022, 12/1/2023 and 12/1/24.
F6	PSUs convert to Ordinary Shares on a one-for-one basis.
F7	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.