Filing Details
- Accession Number:
- 0001047340-23-000050
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-03 17:50:40
- Reporting Period:
- 2023-03-01
- Accepted Time:
- 2023-03-03 17:50:40
- 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 |
|---|---|---|---|---|---|---|---|
| 1663529 | Mohammed Abbas | C/O Fresh Del Monte Produce Inc. 241 Sevilla Avenue Coral Gables FL 33134 | Chief Operating Officer | 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 | 2023-03-01 | 469 | $0.00 | 15,854 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2023-03-01 | 1,387 | $0.00 | 17,241 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2023-03-01 | 80 | $0.00 | 17,321 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2023-03-01 | 577 | $31.58 | 16,744 | 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 | 2023-03-01 | 80 | $0.00 | 80 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-03-01 | 469 | $0.00 | 469 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2023-03-01 | 1,387 | $0.00 | 1,387 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Acquisiton | 2023-03-02 | 10,728 | $0.00 | 10,728 | $0.00 |
| Ordinary Shares | Performance Stock Units | Acquisiton | 2023-03-02 | 10,728 | $0.00 | 10,728 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,463 | No | 4 | M | Direct | ||
| 470 | No | 4 | M | Direct | ||
| 1,392 | No | 4 | M | Direct | ||
| 10,728 | No | 4 | A | Direct | ||
| 10,728 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Ordinary Shares | 5,000 | Indirect | By Spouse |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Restricted Stock Units | $0.00 | 8,346 | 8,346 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,000 | 4,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,552 | 3,552 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,000 | 3,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 1,948 | 1,948 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,791 | 3,791 | Direct | ||
| Ordinary Share | Performance Stock Units | $0.00 | 9,877 | 9,877 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 8,346 | 8,346 | Direct | |
| 4,000 | 4,000 | Direct | |
| 3,552 | 3,552 | Direct | |
| 3,000 | 3,000 | Direct | |
| 1,948 | 1,948 | Direct | |
| 3,791 | 3,791 | Direct | |
| 9,877 | 9,877 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- These shares are owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of the shares owned by his spouse, except to the extent of his pecuniary interest therein.
- 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.
- Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs 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 and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
- 1.7747 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.
- The RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vesting will occur on 3/1/2024.
- The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vesting will occur on 3/1/2024.
- The 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 RSUs were awarded on 3/2/2023 and vest in three equal annual installments on of 3/2/2024, 3/2/2025 and 3/2/2026.
- The PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded 2/24/2016 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded on 2/20/2019 and 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 and 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.
- The PSUs were awarded on 3/2/2023 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2024, 3/2/2025 and 3/2/2026.
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