Alexandre Apparecido - Mar 29, 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Effie D. Silva, Attorney-in-Fact for Alexandre Apparecido
Stock symbol
FDP
Transactions as of
Mar 29, 2024
Transactions value $
-$8,421
Form type
4
Date filed
4/2/2024, 07:06 PM
Previous filing
Mar 7, 2024
Next filing
Jun 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +83 +4.41% $0.00 1.96K Mar 30, 2024 Direct F1
transaction FDP Ordinary Shares Options Exercise $0 +500 +25.46% $0.00 2.46K Mar 30, 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +500 +20.29% $0.00 2.96K Mar 30, 2024 Direct
transaction FDP Ordinary Shares Sale -$8.42K -325 -10.96% $25.91 2.64K Mar 30, 2024 Direct 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 Award $0 +110 +33.25% $0.00 443 Mar 29, 2024 Ordinary Shares 110 Direct F3, F4
transaction FDP Dividend Equivalent Units Options Exercise $0 -84.1 -18.99% $0.00 359 Mar 30, 2024 Ordinary Shares 84.1 Direct F3
transaction FDP Restricted Stock Units Options Exercise $0 -500 -100% $0.00* 0 Mar 30, 2024 Ordinary Shares 500 Direct F5, F6
transaction FDP Restricted Stock Units Options Exercise $0 -500 -50% $0.00 500 Mar 30, 2024 Ordinary Shares 500 Direct F5, F7
holding FDP Restricted Stock Units 502 Mar 29, 2024 Ordinary Shares 502 Direct F5, F8
holding FDP Restricted Stock Units 1.26K Mar 29, 2024 Ordinary Shares 1.26K Direct F5, F9
holding FDP Performance Stock Units 1.91K Mar 29, 2024 Ordinary Shares 1.91K Direct F10, F11
holding FDP Performance Stock Units 770 Mar 29, 2024 Ordinary Shares 770 Direct F10, F12
holding FDP Performance Stock Units 5.17K Mar 29, 2024 Ordinary Shares 5.17K Direct F10, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1.0626 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
F2 Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
F3 Each DEU represents a contingent right to received 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 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 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 The RSUs were awarded on 3/30/2020 and vested in five equal annual installments.
F7 The RSUs were awarded on 3/30/2021 and vest in five equal annual installments. The remaining vesting will occur on 3/30/2025.
F8 The RSUs were awarded on 6/15/2022 and vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
F9 The RSUs were awarded on 3/2/2023 and vest in three equal annual installments. The remaining vestings will occur on 3/2/2024 and 3/2/2025.
F10 The PSUs convert to Ordinary Shares on a one-to-one basis.
F11 The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded on 6/15/2022 and subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
F13 The PSUs were awarded on 3/1/2024 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.