Mohammad Abu - Jul 6, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammad Abu-Ghazaleh
Stock symbol
FDP
Transactions as of
Jul 6, 2023
Transactions value $
$0
Form type
4
Date filed
7/10/2023, 05:06 PM
Previous filing
Jun 13, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +591 +0.01% $0.00 6.9M Jul 6, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +32.6K +0.47% $0.00 6.94M Jul 6, 2023 Direct
holding FDP Ordinary Shares 20K Jul 6, 2023 Held by Spouse

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 -49.8 -0.9% $0.00 5.47K Jul 6, 2023 Ordinary Shares 49.8 Direct F1, F2
transaction FDP Dividend Equivalent Units Options Exercise $0 -592 -10.81% $0.00 4.88K Jul 6, 2023 Ordinary Shares 592 Direct F1, F3
transaction FDP Performance Stock Units Disposed to Issuer $0 -2.75K -2.7% $0.00 98.9K Jul 6, 2023 Ordinary Shares 2.75K Direct F9, F11, F12
transaction FDP Performance Stock Units Options Exercise $0 -32.6K -33% $0.00 66.3K Jul 6, 2023 Ordinary Shares 32.6K Direct F3, F9, F12
holding FDP Employee Stock Options (Right to Buy) 64.4K Jul 6, 2023 Ordinary Shares 64.4K $28.89 Direct F4
holding FDP Restricted Stock Units 10K Jul 6, 2023 Ordinary Shares 10K Direct F5, F6
holding FDP Restricted Stock Units 20.1K Jul 6, 2023 Ordinary Shares 20.1K Direct F5, F7
holding FDP Restricted Stock Unit 22.7K Jul 6, 2023 Ordinary Shares 22.7K Direct F5, F8
holding FDP Performance Stock Units 18.3K Jul 6, 2023 Ordinary Shares 18.3K Direct F9, F10
holding FDP Performance Stock Units 53K Jul 6, 2023 Ordinary Shares 53K Direct F9, F13
* 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") 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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F2 These DEUs were cancelled since performance criteria on underlying PSUs were met at 97.3%.
F3 .8662 DEUs were deducted from the total due to fractional shares being paid in cash.
F4 Stock Options are fully vested.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 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.
F7 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.
F8 The RSUs were awarded on 3/2/2023 and vest in three equal installments on 3/2/2024, 3/2/2025 and 3/2/2026.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 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.
F11 Since the performance criteria was met at 97.3%, 2,745 PSUs previously reported on Form 4 were cancelled.
F12 The PSUs were awarded on 7/6/2022 and subject to meeting minimum performance criteria which was met at 97.3%. Once earned, the PSUs vest in three equal installments on each of 7/6/2023, 3/2/2024 and 3/2/2025.
F13 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.