Baker Kristin Colber 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Sep 13, 2022
Insider Transaction Report
Form 4
Baker Kristin Colber
Director
Transactions
- Award
Dividend Equivalent Units
2022-09-09+34.522→ 34.522 total→ Ordinary Shares (34.522 underlying)
Holdings
- 5,901
Restricted Stock Units
→ Ordinary Shares (5,901 underlying) - 4,376
Ordinary Shares
Footnotes (4)
- [F1]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 criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate.
- [F2]Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs are subject to the same restrictions and vesting conditions as the underlying RSUs.
- [F3]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F4]Represents a grant of RSUs for board service for the 2022-2023 term. These restricted stock units shall vest on the earlier of: (i) the one-year anniversary of the grant date; and (ii) the date of the next annual meeting of the shareholders of the issuer that follows the grant date.