4//SEC Filing
Lutty Helmuth 4
Accession 0001047340-22-000052
CIK 0001047340other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 5:13 PM ET
Size
23.0 KB
Accession
0001047340-22-000052
Insider Transaction Report
Form 4
Lutty Helmuth
SVP, Network Shipping & Ops
Transactions
- Exercise/Conversion
Dividend Equivalent Units
2022-03-01−34→ 268.086 total→ Ordinary Shares (34 underlying) - Exercise/Conversion
Restricted Stock Units
2022-03-01−525→ 1,050 total→ Ordinary Shares (525 underlying) - Exercise/Conversion
Ordinary Shares
2022-03-01+525→ 6,369 total - Sale
Ordinary Shares
2022-03-01$28.65/sh−408$11,689→ 7,159 total - Disposition to Issuer
Performance Stock Units
2022-03-01−314→ 3,182 total→ Ordinary Shares (314 underlying) - Exercise/Conversion
Ordinary Shares
2022-03-01+1,164→ 7,533 total - Exercise/Conversion
Ordinary Shares
2022-03-01+34→ 7,567 total - Exercise/Conversion
Restricted Stock Units
2022-03-01−1,164→ 2,332 total→ Ordinary Shares (1,164 underlying)
Holdings
- 400
Restricted Stock Units
→ Ordinary Shares (400 underlying) - 2,179
Performance Stock Units
→ Ordinary Shares (2,179 underlying) - 2,000
Performance Stock Units
→ Ordinary Shares (2,000 underlying)
Footnotes (12)
- [F1]Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- [F10]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.
- [F11]Since the performance criteria was met at 91%, 314 PSUs previously reported on Form 4 were cancelled.
- [F12]The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. 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 ("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 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 5.3846 DEUs were cancelled since performance criteria on underlying PSUs were met at 91%.
- [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 vesting of 400 shares will occur on 2/20/2023.
- [F6]RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 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 3/1/2023 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 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.
Documents
Issuer
FRESH DEL MONTE PRODUCE INC
CIK 0001047340
Entity typeother
Related Parties
1- filerCIK 0001732516
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 5:13 PM ET
- Size
- 23.0 KB