Filing Details
- Accession Number:
- 0001047340-22-000009
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-02-02 19:24:10
- Reporting Period:
- 2022-01-31
- Accepted Time:
- 2022-02-02 19:24:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1047340 | Fresh Del Monte Produce Inc | FDP | Agricultural Production-Crops (100) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1469680 | Youssef Zakharia | C/O Fresh Del Monte Produce Inc. P.o. Box 14922 Coral Gables FL 33134 | President And Coo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2022-01-31 | 1,600 | $0.00 | 20,456 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-01-31 | 8,000 | $0.00 | 28,456 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-01-31 | 11,160 | $0.00 | 39,616 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-01-31 | 19,813 | $0.00 | 59,429 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-01-31 | 1,005 | $0.00 | 60,434 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2022-01-31 | 16,451 | $27.61 | 43,983 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Dividend Equivalent Units | Disposition | 2022-01-31 | 1,008 | $0.00 | 1,008 | $0.00 |
| Ordinary Shares | Dividend Equivalent Units | Disposition | 2022-01-31 | 804 | $0.00 | 804 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-01-31 | 1,600 | $0.00 | 1,600 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-01-31 | 8,000 | $0.00 | 8,000 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-01-31 | 11,160 | $0.00 | 11,160 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-01-31 | 19,813 | $0.00 | 19,813 | $0.00 |
| Ordinary Shares | Performance Stock Units | Disposition | 2022-01-31 | 5,000 | $0.00 | 5,000 | $0.00 |
| Ordinary Shares | Performance Stock Units | Disposition | 2022-01-31 | 10,292 | $0.00 | 10,292 | $0.00 |
| Ordinary Shares | Performance Stock Units | Disposition | 2022-01-31 | 19,813 | $0.00 | 19,813 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,735 | No | 4 | M | Direct | ||
| 3,931 | No | 4 | D | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 10,000 | No | 4 | D | Direct | ||
| 5,146 | No | 4 | D | Direct | ||
| 0 | No | 4 | D | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,750 | 4,750 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,000 | 4,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 14,208 | 14,208 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 4,750 | 4,750 | Direct | |
| 4,000 | 4,000 | Direct | |
| 14,208 | 14,208 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- 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.
- .6753 DEUs were deducted from the total due to fractional shares being paid in cash.
- These unvested DEUs are related to the forfeited PSUs that were also forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022. See footnotes 17, 18 and 19.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- The PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest 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.
- The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch vested on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/20/2019 subject to meeting minimum performance criteria, 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
- 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
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