Calvo Jesus Rodriguez 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Dec 5, 2023
Insider Transaction Report
Form 4
Calvo Jesus Rodriguez
SVP, NA Sales & Marketing
Transactions
- Sale
Ordinary Shares
2023-12-05$23.85/sh−305$7,274→ 651 total - Exercise/Conversion
Ordinary Shares
2023-12-01+56→ 956 total - Exercise/Conversion
Restricted Stock Units
2023-12-01−900→ 900 total→ Ordinary Shares (900 underlying) - Exercise/Conversion
Dividend Equivalent Units
2023-12-01−56→ 277.261 total→ Ordinary Shares (56 underlying) - Exercise/Conversion
Ordinary Shares
2023-12-01+900→ 900 total
Holdings
- 3,313
Performance Stock Units
→ Ordinary Shares (3,313 underlying) - 3,313
Restricted Stock Units
→ Ordinary Shares (3,313 underlying) - 2,651.949
Performance Stock Units
→ Ordinary Shares (2,651.949 underlying)
Footnotes (9)
- [F1]Reflects shares sold for taxes payable upon the vesting of the Restricted Stock Units ("RSUs").
- [F2]Each Dividend Equivalent Unit ("DEU") 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
- [F3].1231 DEUs were deducted from the total due to fractional shares being paid in cash.
- [F4]RSUs convert to Ordinary Shares on a one-for-one basis.
- [F5]The RSUs were awarded on 12/1/2020 and vest in five equal installments over four years. The remaining vesting will occur on 12/1/2024.
- [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]PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria, which was met at 97.3%. The PSUs vest in three equal annual installments and the remaining vestings will occur on each of 3/2/2024 and 3/2/2025.
- [F9]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.