Mohammed Abbas - Jun 15, 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
Jun 15, 2023
Transactions value $
-$40,494
Form type
4
Date filed
6/20/2023, 08:02 PM
Previous filing
Jun 13, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +2.82K +16.84% $0.00 19.6K Jun 15, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +3.25K +16.6% $0.00 22.8K Jun 15, 2023 Direct
transaction FDP Ordinary Shares Sale -$40.5K -1.49K -6.51% $27.25 21.3K Jun 15, 2023 Direct F1
holding FDP Ordinary Shares 5K Jun 15, 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 Disposed to Issuer $0 -6.41 -0.29% $0.00 2.2K Jun 15, 2023 Ordinary Shares 6.41 Direct F3, F4
transaction FDP Dividend Equivalent Units Options Exercise $0 -143 -6.48% $0.00 2.06K Jun 15, 2023 Ordinary Shares 143 Direct F3, F5
transaction FDP Restricted Stock Units Options Exercise $0 -2.75K -33% $0.00 5.59K Jun 15, 2023 Ordinary Shares 2.75K Direct F6, F9
transaction FDP Performance Stock Units Disposed to Issuer $0 -266 -2.69% $0.00 9.61K Jun 15, 2023 Ordinary Shares 266 Direct F11, F17, F18
transaction FDP Performance Stock Units Options Exercise $0 -3.17K -33% $0.00 6.44K Jun 15, 2023 Ordinary Shares 3.17K Direct F5, F11, F18
holding FDP Restricted Stock Units 470 Jun 15, 2023 Ordinary Shares 470 Direct F6, F7
holding FDP Restricted Stock Units 1.39K Jun 15, 2023 Ordinary Shares 1.39K Direct F6, F8
holding FDP Restricted Stock Units 10.7K Jun 15, 2023 Ordinary Shares 10.7K Direct F6, F10
holding FDP Performance Stock Units 4K Jun 15, 2023 Ordinary Shares 4K Direct F11, F12
holding FDP Performance Stock Units 3.55K Jun 15, 2023 Ordinary Shares 3.55K Direct F11, F13
holding FDP Performance Stock Units 3K Jun 15, 2023 Ordinary Shares 3K Direct F11, F14
holding FDP Performance Stock Units 1.95K Jun 15, 2023 Ordinary Shares 1.95K Direct F11, F15
holding FDP Performance Stock Units 3.79K Jun 15, 2023 Ordinary Shares 3.79K Direct F11, F16
holding FDP Performance Stock Units 10.7K Jun 15, 2023 Ordinary Shares 10.7K Direct F11, F19
* 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 Performance Stock Units ("PSUs") and 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 the Issuer. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying RSUs and/or PSUs to which they relate.
F4 These DEUs were cancelled since the performance criteria on the underlying PSUs was met at 97.3%.
F5 0.92 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 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 on 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 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.
F15 The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. The PSUs vested 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%. 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 Since the performance criteria was met at 97.3%, 266 PSUs previously reported on Form 4 were cancelled.
F18 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.
F19 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.