4//SEC Filing
Cerioli Annunciata 4
Accession 0001047340-21-000066
CIK 0001047340other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 9:10 PM ET
Size
22.5 KB
Accession
0001047340-21-000066
Insider Transaction Report
Form 4
Cerioli Annunciata
SVP Operations for NA
Transactions
- Exercise/Conversion
Ordinary Shares
2021-03-01+612→ 1,906 total - Exercise/Conversion
Ordinary Shares
2021-03-01+7→ 1,913 total - Sale
Ordinary Shares
2021-03-01$25.81/sh−147$3,794→ 1,766 total - Award
Restricted Stock Units
2021-03-01+5,827→ 5,827 total→ Ordinary Shares (5,827 underlying) - Exercise/Conversion
Dividend Equivalent Units
2021-03-01−7→ 111.452 total→ Ordinary Shares (7 underlying) - Exercise/Conversion
Restricted Stock Units
2021-03-01−612→ 1,839 total→ Ordinary Shares (612 underlying) - Award
Performance Stock Units
2021-03-01+5,827→ 5,827 total→ Ordinary Shares (5,827 underlying) - Disposition to Issuer
Performance Stock Units
2021-03-01−520→ 2,543 total→ Ordinary Shares (520 underlying)
Holdings
- 800
Restricted Stock Units
→ Ordinary Shares (800 underlying) - 3,000
Performance Stock Units
→ Ordinary Shares (3,000 underlying)
Footnotes (12)
- [F1]Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- [F10]Since the performance criteria was met at 83%, 520 PSUs previously reported on Form 4 were cancelled.
- [F11]The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. 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.
- [F12]The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F2]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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
- [F3]A fractional share of DEUs on the RSUs vesting was paid in cash and 5.9838 DEUs were cancelled since performance criteria on underlying PSUs were met at 83%.
- [F4]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F5]RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings will occur on 2/20/22 and 2/20/23.
- [F6]RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2022, 3/1/2023 and 3/1/2024.
- [F7]The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2022, 3/1/2023 and 3/1/2024.
- [F8]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F9]The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs earned vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and the associated Dividend Equivalent Units will settle on the six-month anniversary after termination of employment.
Documents
Issuer
FRESH DEL MONTE PRODUCE INC
CIK 0001047340
Entity typeother
Related Parties
1- filerCIK 0001289661
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 9:10 PM ET
- Size
- 22.5 KB