4//SEC Filing
SAUTER HANS 4
Accession 0001047340-22-000313
CIK 0001047340other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 5:33 PM ET
Size
16.7 KB
Accession
0001047340-22-000313
Insider Transaction Report
Form 4
SAUTER HANS
SVP, R&D and Agriculture
Transactions
- Award
Dividend Equivalent Units
2022-12-09+83.956→ 566.57 total→ Ordinary Shares (83.956 underlying)
Holdings
- 400
Restricted Stock Units
→ Ordinary Shares (400 underlying) - 1,022
Restricted Stock Units
→ Ordinary Shares (1,022 underlying) - 2,268
Restricted Stock Units
→ Ordinary Shares (2,268 underlying) - 2,000
Performance Stock Units
→ Ordinary Shares (2,000 underlying) - 2,119
Performance Stock Units
→ Ordinary Shares (2,119 underlying) - 3,609
Performance Stock Units
→ Ordinary Shares (3,609 underlying) - 3,094
Performance Stock Units
→ Ordinary Shares (3,094 underlying)
Footnotes (11)
- [F1]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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
- [F10]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 installment 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.
- [F11]The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F2]Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs 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 and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
- [F3]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F4]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 2/20/23.
- [F5]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.
- [F6]The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
- [F7]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]The PSUs were awarded on 2/20/2019 and 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 2/20/2021. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F9]The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. 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.
Documents
Issuer
FRESH DEL MONTE PRODUCE INC
CIK 0001047340
Entity typeother
Related Parties
1- filerCIK 0001769375
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 5:33 PM ET
- Size
- 16.7 KB