Filing Details
- Accession Number:
- 0001047340-22-000052
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-03-03 17:13:21
- Reporting Period:
- 2022-03-01
- Accepted Time:
- 2022-03-03 17:13:21
- 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 |
|---|---|---|---|---|---|---|---|
| 1732516 | Helmuth Lutty | C/O Fresh Del Monte Produce Inc. Po Box 149222 FL 33114 | Svp, Network Shipping & Ops | 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 | 2022-03-01 | 525 | $0.00 | 6,369 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-03-01 | 1,164 | $0.00 | 7,533 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2022-03-01 | 34 | $0.00 | 7,567 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2022-03-01 | 408 | $28.65 | 7,159 | 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 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Dividend Equivalent Units | Disposition | 2022-03-01 | 34 | $0.00 | 34 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-03-01 | 525 | $0.00 | 525 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2022-03-01 | 1,164 | $0.00 | 1,164 | $0.00 |
| Ordinary Shares | Performance Stock Units | Disposition | 2022-03-01 | 314 | $0.00 | 314 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 268 | No | 4 | M | Direct | ||
| 1,050 | No | 4 | M | Direct | ||
| 2,332 | No | 4 | M | Direct | ||
| 3,182 | No | 4 | D | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Restricted Stock Units | $0.00 | 400 | 400 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,000 | 2,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,179 | 2,179 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 400 | 400 | Direct | |
| 2,000 | 2,000 | Direct | |
| 2,179 | 2,179 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
- A fractional share of DEUs on the RSUs vesting was paid in cash and 5.3846 DEUs were cancelled since performance criteria on underlying PSUs were met at 91%.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vesting of 400 shares will occur on 2/20/2023.
- RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
- The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2023 and 3/1/2024.
- The PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded on 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 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.
- Since the performance criteria was met at 91%, 314 PSUs previously reported on Form 4 were cancelled.
- The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. 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.
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