CONTRERAS RICHARD 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Feb 25, 2019
Insider Transaction Report
Form 4
CONTRERAS RICHARD
SVP and CFO
Transactions
- Exercise/Conversion
Ordinary Shares
2019-02-21+406→ 406 total - Sale
Ordinary Shares
2019-02-21$27.77/sh−167$4,638→ 239 total - Exercise/Conversion
Restricted Stock Units
2019-02-21−406→ 1,218 totalExercise: $27.99→ Ordinary Shares (406 underlying)
Footnotes (4)
- [F1]Represents the number of ordinary shares that were acquired in connection with the settlement of the Restricted Stock Units (RSUs) and accompanying Dividend Equivalent Units (DEUs) listed in Table II.
- [F2]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax witholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- [F3]RSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU and DEU represent a contingent right to receive one ordinary share of FDP. The RSUs vest in five equal annual installments of which three are remaining on each of 02/21/2020, 02/21/2021 and 02/21/2022.
- [F4]RSUs and DEUs do not have an expiration date.