Zakharia Youssef 4

Accession 0001047340-21-000071

CIK 0001047340other

View on SEC.gov Company Profile

Filed

Mar 2, 7:00 PM ET

Accepted

Mar 3, 9:13 PM ET

Size

33.2 KB

Accession

0001047340-21-000071

Insider Transaction Report

Form 4

Period: 2021-03-01

FRESH DEL MONTE PRODUCE INCFDP

Zakharia Youssef

V.P. Middle East and N. Africa

Transactions

Exercise/Conversion
Ordinary Shares
2021-03-01+42→ 20,327 total
Exercise/Conversion
Dividend Equivalent Units
2021-03-01−42→ 3,475.638 total
→ Ordinary Shares (42 underlying)
Exercise/Conversion
Restricted Stock Units
2021-03-01−3,720→ 11,160 total
→ Ordinary Shares (3,720 underlying)
Award
Restricted Stock Units
2021-03-01+19,813→ 19,813 total
→ Ordinary Shares (19,813 underlying)
Disposition to Issuer
Performance Stock Units
2021-03-01−3,161→ 15,438 total
→ Ordinary Shares (3,161 underlying)
Award
Performance Stock Units
2021-03-01+19,813→ 19,813 total
→ Ordinary Shares (19,813 underlying)
Exercise/Conversion
Ordinary Shares
2021-03-01+3,720→ 20,285 total
Sale
Ordinary Shares
2021-03-01$25.81/sh−1,471$37,967→ 18,856 total

Holdings

Performance Stock Units
→ Ordinary Shares (5,000 underlying)
5,000
Performance Stock Units
→ Ordinary Shares (5,000 underlying)
5,000
Performance Stock Units
→ Ordinary Shares (14,208 underlying)
14,208
Restricted Stock Units
→ Ordinary Shares (1,600 underlying)
1,600
Restricted Stock Units
→ Ordinary Shares (8,000 underlying)
8,000
Performance Stock Units
→ Ordinary Shares (5,000 underlying)
5,000
Performance Stock Units
→ Ordinary Shares (4,750 underlying)
4,750
Performance Stock Units
→ Ordinary Shares (4,000 underlying)
4,000
Performance Stock Units
→ Ordinary Shares (15,000 underlying)
15,000

Footnotes (19)

[F1]Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
[F10]The PSUs were awarded 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F11]The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F12]The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F13]The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F14]The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F15]The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch vested on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F16]The PSUs were awarded 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 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
[F17]Since the performance criteria was met at 83%, 3,161 PSUs previously reported on Form 4 were cancelled.
[F18]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.
[F19]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") represent 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 36.3659 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 2/21/18 and vest in five equal installments over four years. The remaining vesting will occur on 2/21/22.
[F6]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 2/20/22 and 2/20/23.
[F7]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.
[F8]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.
[F9]The PSUs convert to Ordinary Shares on a one-for-one basis.

Documents

1 file

4
wf-form4_161482396749816.xmlPrimary
FORM 4

Issuer

FRESH DEL MONTE PRODUCE INC

CIK 0001047340

→

Entity typeother

Related Parties

filerCIK 0001469680

Filing Metadata

Form type: 4
Filed: Mar 2, 7:00 PM ET
Accepted: Mar 3, 9:13 PM ET
Size: 33.2 KB

View on SEC.gov