Jeifetz Martha V. 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 4, 2020
Insider Transaction Report
Form 4
Jeifetz Martha V.
SVP, Human Resources
Transactions
- Sale
Ordinary Shares
2020-03-02$28.32/sh−155$4,390→ 941 total - Award
Performance Stock Units
2020-03-02+2,552→ 2,552 total→ Ordinary Shares (2,552 underlying) - Exercise/Conversion
Ordinary Shares
2020-03-02+510→ 1,096 total - Award
Restricted Stock Units
2020-03-02+2,552→ 2,552 total→ Ordinary Shares (2,552 underlying) - Exercise/Conversion
Restricted Stock Units
2020-03-02−510→ 2,042 total→ Ordinary Shares (510 underlying)
Holdings
- 2,000
Performance Stock Units
→ Ordinary Shares (2,000 underlying) - 1,200
Restricted Stock Units
→ Ordinary Shares (1,200 underlying) - 14.423
Dividend Equivalent Units
→ Ordinary Shares (14.423 underlying)
Footnotes (9)
- [F1]Vesting of first tranche of RSUs awarded 3/2/2020.
- [F2]Reflects shares sold for taxes payable upon the vesting of RSUs.
- [F3]The Restricted Stock Units ("RSUs") convert to Ordinary Shares on a one-for-one basis.
- [F4]RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2021, 3/1/2022, 3/1/2023 and 3/1/2024.
- [F5]The Performance Stock Units ("PSUs") convert to Ordinary Shares on a one-for-one basis.
- [F6]The PSUs were awarded on 3/2/2020 and are earned subject to meeting minimum performance criteria. Once earned, 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.
- [F7]The PSUs were awarded 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.
- [F8]RSUs were awarded on 2/20/2019 and vested in five equal installments over four years. The remaining vestings of 400 shares will occur on each 2/20/2021, 2/20/2022 and 2/20/2023.
- [F9]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.