Zakharia Youssef 4

Accession 0001047340-22-000009

CIK 0001047340other

View on SEC.gov Company Profile

Filed

Feb 1, 7:00 PM ET

Accepted

Feb 2, 7:24 PM ET

Size

42.5 KB

Accession

0001047340-22-000009

Insider Transaction Report

Form 4

Period: 2022-01-31

FRESH DEL MONTE PRODUCE INCFDP

Zakharia Youssef

V.P. Middle East and N. Africa

Transactions

Exercise/Conversion
Ordinary Shares
2022-01-31+1,600→ 20,456 total
Exercise/Conversion
Ordinary Shares
2022-01-31+11,160→ 39,616 total
Exercise/Conversion
Ordinary Shares
2022-01-31+1,005→ 60,434 total
Disposition to Issuer
Dividend Equivalent Units
2022-01-31−804.153→ 3,931.028 total
→ Ordinary Shares (804.153 underlying)
Exercise/Conversion
Dividend Equivalent Units
2022-01-31−1,008→ 4,735.181 total
→ Ordinary Shares (1,008 underlying)
Disposition to Issuer
Performance Stock Units
2022-01-31−19,813→ 0 total
→ Ordinary Shares (19,813 underlying)
Exercise/Conversion
Ordinary Shares
2022-01-31+8,000→ 28,456 total
Exercise/Conversion
Ordinary Shares
2022-01-31+19,813→ 59,429 total
Exercise/Conversion
Restricted Stock Units
2022-01-31−11,160→ 0 total
→ Ordinary Shares (11,160 underlying)
Disposition to Issuer
Performance Stock Units
2022-01-31−5,000→ 10,000 total
→ Ordinary Shares (5,000 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-31−8,000→ 0 total
→ Ordinary Shares (8,000 underlying)
Exercise/Conversion
Restricted Stock Units
2022-01-31−19,813→ 0 total
→ Ordinary Shares (19,813 underlying)
Disposition to Issuer
Performance Stock Units
2022-01-31−10,292→ 5,146 total
→ Ordinary Shares (10,292 underlying)
Sale
Ordinary Shares
2022-01-31$27.61/sh−16,451$454,212→ 43,983 total
Exercise/Conversion
Restricted Stock Units
2022-01-31−1,600→ 0 total
→ Ordinary Shares (1,600 underlying)

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 (4,000 underlying)
4,000
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 (14,208 underlying)
14,208

Footnotes (19)

[F1]Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
[F10]The PSUs convert to Ordinary Shares on a one-for-one basis.
[F11]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.
[F12]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.
[F13]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.
[F14]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.
[F15]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.
[F16]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.
[F17]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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
[F3].6753 DEUs were deducted from the total due to fractional shares being paid in cash.
[F4]These unvested DEUs are related to the forfeited PSUs that were also forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022. See footnotes 17, 18 and 19.
[F5]The RSUs convert to Ordinary Shares on a one-for-one basis.
[F6]RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[F7]RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[F8]RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
[F9]The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.

Documents

1 file

4
wf-form4_164384783182051.xmlPrimary
FORM 4

Issuer

FRESH DEL MONTE PRODUCE INC

CIK 0001047340

→

Entity typeother

Related Parties

filerCIK 0001469680

Filing Metadata

Form type: 4
Filed: Feb 1, 7:00 PM ET
Accepted: Feb 2, 7:24 PM ET
Size: 42.5 KB

View on SEC.gov