BETTI TAREK AHMAD 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Sep 12, 2023
Insider Transaction Report
Form 4
BETTI TAREK AHMAD
Chief Human Resources Officer
Transactions
- Award
Dividend Equivalent Units
2023-09-08+95.644→ 387.929 total→ Ordinary Shares (95.644 underlying)
Holdings
- 1,093
Restricted Stock Units
→ Ordinary Shares (1,093 underlying) - 1,943
Performance Stock Units
→ Ordinary Shares (1,943 underlying) - 3,037
Restricted Stock Units
→ Ordinary Shares (3,037 underlying) - 3,037
Performance Stock Units
→ Ordinary Shares (3,037 underlying) - 747
Ordinary Shares
- 714
Restricted Stock Unit
→ Ordinary Shares (714 underlying) - 1,944.398
Performance Stock Units
→ Ordinary Shares (1,944.398 underlying)
Footnotes (10)
- [F1]Each Dividend Equivalent Unit ("DEUs") represents a contingent right to receive one Ordinary Share of the Issuer. 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 3/2/2023 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2024, 3/2/2025 and 3/2/2026.
- [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]The RSUs were awarded on 3/1/2021 and vest in three equal installment over three years. The remaining vesting will occur on 3/1/2024.
- [F5]The RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vestings will occur on 3/2/2024 and 3/2/2025.
- [F6]The RSUs were awarded on 3/2/2023 and vest in three equal installments on 3/2/2024, 3/2/2025 and 3/2/2026.
- [F7]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F9]The PSUs were awarded on 6/15/2022 and are subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/2/2024 and 3/2/2025.