Mohammed Abbas - Mar 1, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chief Operating Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammed Abbas
Stock symbol
FDP
Transactions as of
Mar 1, 2023
Transactions value $
-$18,222
Form type
4
Date filed
3/3/2023, 04:50 PM
Previous filing
Feb 22, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +469 +3.05% $0.00 15.9K Mar 1, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.39K +8.75% $0.00 17.2K Mar 1, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +80 +0.46% $0.00 17.3K Mar 1, 2023 Direct
transaction FDP Ordinary Shares Sale -$18.2K -577 -3.33% $31.58 16.7K Mar 1, 2023 Direct F1
holding FDP Ordinary Shares 5K Mar 1, 2023 By Spouse F2

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 -80 -5.18% $0.00 1.46K Mar 1, 2023 Ordinary Shares 80 Direct F3, F4, F5
transaction FDP Restricted Stock Units Options Exercise $0 -469 -49.95% $0.00 470 Mar 1, 2023 Ordinary Shares 469 Direct F6, F7
transaction FDP Restricted Stock Units Options Exercise $0 -1.39K -49.91% $0.00 1.39K Mar 1, 2023 Ordinary Shares 1.39K Direct F6, F8
transaction FDP Restricted Stock Units Award $0 +10.7K $0.00 10.7K Mar 2, 2023 Ordinary Shares 10.7K Direct F6, F10
transaction FDP Performance Stock Units Award $0 +10.7K $0.00 10.7K Mar 2, 2023 Ordinary Shares 10.7K Direct F11, F18
holding FDP Restricted Stock Units 8.35K Mar 1, 2023 Ordinary Shares 8.35K Direct F6, F9
holding FDP Performance Stock Units 4K Mar 1, 2023 Ordinary Shares 4K Direct F11, F12
holding FDP Performance Stock Units 3.55K Mar 1, 2023 Ordinary Shares 3.55K Direct F11, F13
holding FDP Performance Stock Units 3K Mar 1, 2023 Ordinary Shares 3K Direct F11, F14
holding FDP Performance Stock Units 1.95K Mar 1, 2023 Ordinary Shares 1.95K Direct F11, F15
holding FDP Performance Stock Units 3.79K Mar 1, 2023 Ordinary Shares 3.79K Direct F11, F16
holding FDP Performance Stock Units 9.88K Mar 1, 2023 Ordinary Share 9.88K Direct F11, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
F2 These shares are owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of the shares owned by his spouse, except to the extent of his pecuniary interest therein.
F3 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
F4 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.
F5 1.7747 DEUs were deducted from the total due to fractional shares being paid in cash.
F6 The RSUs convert to Ordinary Shares on a one-for-one basis.
F7 The RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vesting will occur on 3/1/2024.
F8 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vesting will occur on 3/1/2024.
F9 The 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.
F10 The RSUs were awarded on 3/2/2023 and vest in three equal annual installments on of 3/2/2024, 3/2/2025 and 3/2/2026.
F11 The PSUs convert to Ordinary Shares on a one-for-one basis.
F12 The PSUs were awarded 2/24/2016 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F13 The PSUs were awarded on 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F14 The PSUs were awarded on 2/20/2019 and 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.
F15 The PSUs were awarded on 3/2/2020 and 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.
F16 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.
F17 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.
F18 The PSUs were awarded on 3/2/2023 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2024, 3/2/2025 and 3/2/2026.