Monica Vicente - Aug 15, 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, Chief Financial Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Monica Vicente
Stock symbol
FDP
Transactions as of
Aug 15, 2024
Transactions value $
-$49,392
Form type
4
Date filed
8/19/2024, 05:18 PM
Previous filing
Jun 11, 2024
Next filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$49.4K -1.8K -34.18% $27.44 3.47K Aug 15, 2024 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 638 Aug 15, 2024 Ordinary Shares 638 Direct F1
holding FDP Restricted Stock Units 562 Aug 15, 2024 Ordinary Shares 562 Direct F2, F3
holding FDP Restricted Stock Units 2.55K Aug 15, 2024 Ordinary Shares 2.55K Direct F2, F4
holding FDP Performance Stock Units 842 Aug 15, 2024 Ordinary Shares 842 Direct F5, F6
holding FDP Performance Stock Units 20.2K Aug 15, 2024 Ordinary Shares 20.2K Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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 RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2025.
F4 The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vestings will occur on 3/2/2025 and 3/2/2026.
F5 The PSUs convert to Ordinary Shares on a one-for-one basis.
F6 The PSUs were awarded on 6/15/2022 and are earned 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.
F7 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 installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.