4//SEC Filing
SAUTER HANS 4
Accession 0001047340-23-000029
CIK 0001047340other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 9:57 PM ET
Size
21.5 KB
Accession
0001047340-23-000029
Insider Transaction Report
Form 4
SAUTER HANS
SVP, R&D and Agriculture
Transactions
- Sale
Ordinary Shares
2023-02-22$30.18/sh−127$3,833→ 296 total - Exercise/Conversion
Ordinary Shares
2023-02-20+400→ 400 total - Exercise/Conversion
Ordinary Shares
2023-02-20+23→ 423 total - Exercise/Conversion
Dividend Equivalent Units
2023-02-20−23→ 543.469 total→ Ordinary Shares (23 underlying) - Exercise/Conversion
Restricted Stock Units
2023-02-20−400→ 0 total→ Ordinary Shares (400 underlying)
Holdings
- 2,268
Restricted Stock Units
→ Ordinary Shares (2,268 underlying) - 1,022
Restricted Stock Units
→ Ordinary Shares (1,022 underlying) - 3,609
Performance Stock Units
→ Ordinary Shares (3,609 underlying) - 2,000
Performance Stock Units
→ Ordinary Shares (2,000 underlying) - 3,094
Performance Stock Units
→ Ordinary Shares (3,094 underlying) - 2,119
Performance Stock Units
→ Ordinary Shares (2,119 underlying)
Footnotes (13)
- [F1]Reflects shares sold for taxes payable upon the vesting of RSUs.
- [F10]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.
- [F11]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.
- [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 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.
- [F13]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]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.
- [F3]Represents settlement of DEUs associated with the RSUs vested.
- [F4].1017 DEUs were deducted from the total due to fractional shares being paid in cash.
- [F5]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F6]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.
- [F7]RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
- [F8]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.
- [F9]The PSUs convert to Ordinary Shares on a one-for-one basis.
Documents
Issuer
FRESH DEL MONTE PRODUCE INC
CIK 0001047340
Entity typeother
Related Parties
1- filerCIK 0001769375
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 9:57 PM ET
- Size
- 21.5 KB