Calvo Jesus Rodriguez 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Dec 12, 2023
Insider Transaction Report
Form 4
Calvo Jesus Rodriguez
SVP, NA Sales & Marketing
Transactions
- Award
Dividend Equivalent Units
2023-12-08+138.384→ 415.645 total→ Ordinary Shares (138.384 underlying)
Holdings
- 2,651.949
Performance Stock Units
→ Ordinary Shares (2,651.949 underlying) - 900
Restricted Stock Units
→ Ordinary Shares (900 underlying) - 651
Ordinary Shares
- 3,313
Restricted Stock Units
→ Ordinary Shares (3,313 underlying) - 3,313
Performance Stock Units
→ Ordinary Shares (3,313 underlying)
Footnotes (8)
- [F1]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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
- [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 12/1/2020 and vest in five equal installments over four years. The remaining vestings will occur on 12/1/2024.
- [F5]The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The vestings will occur on each 3/2/2024, 3/2/2025 and 3/2/2026.
- [F6]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F7]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.
- [F8]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.