Rivera Hector 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Sep 11, 2018
Insider Transaction Report
Form 4
Rivera Hector
VP, Asia Pacific
Transactions
- Award
Dividend Equivalent Units
2018-09-07+43→ 43 totalExercise: $37.78→ Ordinary Shares (10,757 underlying)
Footnotes (4)
- [F1]Dividend Equivalent Units (DEUs) were granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each DEU represents a contingent right to receive one ordinary share of FDP. DEUs are subject to vesting and/or performance criteria based on the underlying Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs). Certain DEUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of FDP.
- [F2]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 and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
- [F3]DEUs do not have an expiration date.
- [F4]9,399 of these securities are RSUs and PSUs, including associated DEUs, which have not yet vested.