Filing Details
- Accession Number:
- 0001047340-23-000064
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-16 17:22:30
- Reporting Period:
- 2023-03-14
- Accepted Time:
- 2023-03-16 17:22:30
- 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 |
|---|---|---|---|---|---|---|---|
| 1702953 | Jorge Reyes Pelaez | C/O Fresh Del Monte Produce Inc. 241 Sevilla Avenue Coral Gables FL 33134 | Vp, Central America | 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 | Disposition | 2023-03-14 | 1,600 | $30.43 | 262 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Dividend Equivalent Units | $0.00 | 495 | 495 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 504 | 504 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 878 | 878 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,686 | 1,686 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 2,216 | 2,216 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 3,000 | 3,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,090 | 2,090 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,390 | 2,390 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,661 | 2,661 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,216 | 2,216 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 495 | 495 | Direct | |
| 504 | 504 | Direct | |
| 878 | 878 | Direct | |
| 1,686 | 1,686 | Direct | |
| 2,216 | 2,216 | Direct | |
| 3,000 | 3,000 | Direct | |
| 2,090 | 2,090 | Direct | |
| 2,390 | 2,390 | Direct | |
| 2,661 | 2,661 | Direct | |
| 2,216 | 2,216 | Direct |
Footnotes
- Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transaction ranged from $30.42 to $30.47 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price.
- 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.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- 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.
- 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 installments on 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 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 2/20/2021. 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%. 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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