Filing Details
- Accession Number:
- 0001047340-24-000075
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-07 18:23:09
- Reporting Period:
- 2024-03-05
- Accepted Time:
- 2024-03-07 18:23:09
- 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 | Disposition | 2024-03-05 | 3,222 | $24.35 | 29,945 | 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 | 2,150 | 2,150 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 2,838 | 2,838 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 7,156 | 7,156 | 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 Shares | Performance Stock Units | $0.00 | 3,269 | 3,269 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 29,729 | 29,729 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2,150 | 2,150 | Direct | |
| 2,838 | 2,838 | Direct | |
| 7,156 | 7,156 | 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 | |
| 3,269 | 3,269 | Direct | |
| 29,729 | 29,729 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs").
- 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 PSUs to which they relate.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- The RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vesting occurs on 3/2/2025.
- The RSUs were awarded on 3/2/2023 and vest in three equal annual installments over three years. The remaining vestings will occur on 3/2/2025 and 3/2/2026.
- The PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded on 2/24/2016 subject to meeting minimum performance criteria, which was met at a 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 subject to meeting minimum performance criteria, which was met at a 88.8%. The PSUs vested in three equal annual 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 subject to meeting minimum performance criteria, which was met at a 100%. The PSUs vested 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 are earned subject to meeting minimum performance criteria which was met at 83%. The PSUs vested 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%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 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 subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
- The PSUs were awarded on 3/1/2024 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.
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