MOHAMMAD ABU-GHAZALEH - 22 Feb 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Mohammad Abu-Ghazaleh
Issuer symbol
FDP
Transactions as of
22 Feb 2022
Transactions value $
$0
Form type
4
Filing time
24 Feb 2022, 18:25:54 UTC
Previous filing
14 Dec 2021
Next filing
03 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +10K +0.15% $0.00 6.72M 22 Feb 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +10K +0.15% $0.00 6.73M 22 Feb 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +13.3K +0.2% $0.00 6.75M 22 Feb 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.27K +0.02% $0.00 6.75M 22 Feb 2022 Direct
holding FDP Ordinary Shares 20K 22 Feb 2022 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 Options Exercise $0 -1.27K -24.59% $0.00 3.9K 22 Feb 2022 Ordinary Shares 1.27K Direct F1, F2
transaction FDP Restricted Stock Unit Options Exercise $0 -10K -100% $0.00* 0 22 Feb 2022 Ordinary Shares 10K Direct F4, F5
transaction FDP Restricted Stock Unit Options Exercise $0 -10K -50% $0.00 10K 22 Feb 2022 Ordinary Shares 10K Direct F4, F6
transaction FDP Performance Stock Units Options Exercise $0 -13.3K -100% $0.00* 0 22 Feb 2022 Ordinary Shares 13.3K Direct F9, F10
holding FDP Employee Stock Options (Right to Buy) 32.2K 22 Feb 2022 Ordinary Shares 32.2K $26.52 Direct F3
holding FDP Employee Stock Options (Right to Buy) 64.4K 22 Feb 2022 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Units 30K 22 Feb 2022 Ordinary Shares 30K Direct F4, F7
holding FDP Restricted Stock Units 60.2K 22 Feb 2022 Ordinary Shares 60.2K Direct F4, F8
holding FDP Performance Stock Units 22.1K 22 Feb 2022 Ordinary Shares 22.1K Direct F9, F11
holding FDP Performance Stock Units 60.2K 22 Feb 2022 Ordinary Shares 60.2K Direct F9, F12
* 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 2.3104 DEUs were deducted from the total due to fractional shares being paid in cash.
F3 Stock Options are fully vested.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 RSUs were awarded on 2/21/18 and vest in five equal installments over four years.
F6 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vesting will occur on 2/20/23.
F7 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2022, 3/1/2023 and 3/1/2024.
F8 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2022, 3/1/2023 and 3/1/2024.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 The PSUs were subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022.
F11 The PSUs were awarded on 3/2/2020 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.
F12 The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024.