Jeifetz Martha V. 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 31, 2020
Insider Transaction Report
Form 4
Jeifetz Martha V.
SVP, Human Resources
Transactions
- Award
Dividend Equivalent Units
2020-03-27+27.1→ 41.523 total→ Ordinary Shares (27.1 underlying)
Holdings
- 941
Ordinary Shares
- 1,200
Restricted Stock Units
→ Ordinary Shares (1,200 underlying) - 2,042
Restricted Stock Units
→ Ordinary Shares (2,042 underlying) - 2,000
Performance Stock Units
→ Ordinary Shares (2,000 underlying) - 2,552
Performance Stock Units
→ Ordinary Shares (2,552 underlying)
Footnotes (7)
- [F1]Each Dividend Equivalent Unit ("DEUs") 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.
- [F2]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F3]RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings of 400 shares will occur on each 2/20/21, 2/20/22 and 2/20/23.
- [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 PSUs convert to Ordinary Shares on a one-for-one basis.
- [F6]The PSUs were awarded on 2/20/2019 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.
- [F7]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.