Filing Details
- Accession Number:
- 0001047340-23-000030
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-22 21:57:48
- Reporting Period:
- 2023-02-20
- Accepted Time:
- 2023-02-22 21:57:48
- 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. 241 Sevilla Avenue Coral Gables FL 33134 | 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 | 2023-02-20 | 400 | $0.00 | 400 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2023-02-20 | 23 | $0.00 | 423 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2023-02-22 | 127 | $30.18 | 296 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | 2023-02-20 | 23 | $0.00 | 23 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-02-20 | 400 | $0.00 | 400 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 579 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | 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 | 1,050 | 1,050 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 2,332 | 2,332 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 2,174 | 2,174 | 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 | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,182 | 3,182 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,574 | 3,574 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,050 | 1,050 | Direct | |
| 2,332 | 2,332 | Direct | |
| 2,174 | 2,174 | Direct | |
| 2,000 | 2,000 | Direct | |
| 2,179 | 2,179 | Direct | |
| 3,182 | 3,182 | Direct | |
| 3,574 | 3,574 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of 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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
- Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs 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 are subject to the same restrictions and vesting conditions as the underlying RSUs.
- .1017 DEUs were deducted from the total due to fractional shares being paid in cash.
- 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.
- RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on each 3/1/2023 and 3/1/2024.
- RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The vestings will occur on 6/15/2023, 3/2/2024 and 3/2/2025.
- 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%. Once earned, 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.
- 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.
- The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
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