Sergio Mancilla - Mar 13, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
VP South America
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Sergio Mancilla
Stock symbol
FDP
Transactions as of
Mar 13, 2023
Transactions value $
-$44,854
Form type
4
Date filed
3/15/2023, 05:38 PM
Previous filing
Mar 3, 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 Sale -$44.9K -1.49K -95.62% $30.21 68 Mar 13, 2023 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
holding FDP Dividend Equivalent Units 2.91K Mar 13, 2023 Ordinary Shares 2.91K Direct F1
holding FDP Restricted Stock Units 421 Mar 13, 2023 Ordinary Shares 421 Direct F2, F3
holding FDP Restricted Stock Units 868 Mar 13, 2023 Ordinary Shares 868 Direct F2, F4
holding FDP Restricted Stock Unit 1.53K Mar 13, 2023 Ordinary Shares 1.53K Direct F2, F5
holding FDP Performance Stock Units 5K Mar 13, 2023 Ordinary Shares 5K Direct F6, F7
holding FDP Performance Stock Units 5K Mar 13, 2023 Ordinary Shares 5K Direct F6, F8
holding FDP Performance Stock Units 4.75K Mar 13, 2023 Ordinary Shares 4.75K Direct F6, F9
holding FDP Performance Stock Units 4K Mar 13, 2023 Ordinary Shares 4K Direct F6, F10
holding FDP Performance Stock Units 1.78K Mar 13, 2023 Ordinary Shares 1.78K Direct F6, F11
holding FDP Performance Stock Units 2K Mar 13, 2023 Ordinary Shares 2K Direct F6, F12
holding FDP Performance Stock Units 1.75K Mar 13, 2023 Ordinary Shares 1.75K Direct F6, F13
holding FDP Performance Stock Units 2.36K Mar 13, 2023 Ordinary Shares 2.36K Direct F6, F14
holding FDP Performance Stock Units 2.41K Mar 13, 2023 Ordinary Shares 2.41K Direct F6, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The RSUs convert to Ordinary Shares on a one-for-one basis.
F3 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.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 The PSUs were awarded 2/20/2013 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F8 The PSUs were awarded 2/19/2014 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F9 The PSUs were awarded 2/18/2015 and subject to meeting minimum performance criteria which was met at 95%. The PSUs vested 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.
F10 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.
F11 The PSUs were awarded 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal annual 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.
F12 The PSUs were awarded 2/20/2019 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F13 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.
F14 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.
F15 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.