Filing Details
- Accession Number:
- 0001047340-24-000103
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-04-02 19:06:21
- Reporting Period:
- 2024-03-29
- Accepted Time:
- 2024-04-02 19:06:21
- 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 |
|---|---|---|---|---|---|---|---|
| 2007177 | Alexandre Apparecido | C/O Fresh Del Monte Produce Inc. 241 Sevilla Avenue Coral Gables FL 33134 | Vp, Global Internal Audit | 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 | 2024-03-30 | 83 | $0.00 | 1,964 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2024-03-30 | 500 | $0.00 | 2,464 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2024-03-30 | 500 | $0.00 | 2,964 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2024-03-30 | 325 | $25.91 | 2,639 | 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 | Acquisiton | 2024-03-29 | 110 | $0.00 | 110 | $0.00 |
| Ordinary Shares | Dividend Equivalent Units | Disposition | 2024-03-30 | 84 | $0.00 | 84 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2024-03-30 | 500 | $0.00 | 500 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2024-03-30 | 500 | $0.00 | 500 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 443 | No | 4 | A | Direct | ||
| 359 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 500 | 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 | 502 | 502 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,263 | 1,263 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 1,909 | 1,909 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 770 | 770 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,170 | 5,170 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 502 | 502 | Direct | |
| 1,263 | 1,263 | Direct | |
| 1,909 | 1,909 | Direct | |
| 770 | 770 | Direct | |
| 5,170 | 5,170 | Direct |
Footnotes
- 1.0626 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- Each DEU represents a contingent right to received one Ordinary Share of the Issuer. 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.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- The RSUs were awarded on 3/30/2020 and vested in five equal annual installments.
- The RSUs were awarded on 3/30/2021 and vest in five equal annual installments. The remaining vesting will occur on 3/30/2025.
- The RSUs were awarded on 6/15/2022 and vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
- The RSUs were awarded on 3/2/2023 and vest in three equal annual installments. The remaining vestings will occur on 3/2/2024 and 3/2/2025.
- The PSUs convert to Ordinary Shares on a one-to-one basis.
- The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments. 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 annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.
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