Calvo Jesus Rodriguez 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Calvo Jesus Rodriguez
SVP, NA Sales & Marketing
Transactions
- Exercise/Conversion
Ordinary Shares
2024-03-02+1,103→ 1,754 total - Exercise/Conversion
Ordinary Shares
2024-03-02+1,305→ 3,059 total - Exercise/Conversion
Ordinary Shares
2024-03-02+85→ 3,144 total - Exercise/Conversion
Dividend Equivalent Units
2024-03-02−85.358→ 279.579 total→ Ordinary Shares (85.358 underlying) - Disposition to Issuer
Dividend Equivalent Units
2024-03-01−96.22→ 183.358 total→ Ordinary Shares (96.22 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-02−1,103→ 2,210 total→ Ordinary Shares (1,103 underlying) - Exercise/Conversion
Performance Stock Units
2024-03-02−1,305.051→ 1,346.898 total→ Ordinary Shares (1,305.051 underlying) - Disposition to Issuer
Performance Stock Units
2024-03-02−3,313→ 0 total→ Ordinary Shares (3,313 underlying) - Award
Performance Stock Units
2024-03-01+8,617→ 8,617 total→ Ordinary Shares (8,617 underlying)
Holdings
- 900
Restricted Stock Units
→ Ordinary Shares (900 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 3/1/2024 and are subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.
- [F2]A fractional share of DEUs on the PSUs vesting was in cash.
- [F3]96.2203 DEUs were forfeited because the minimum performance criteria for the vesting of the underlying PSUs were not met,
- [F4]The 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 over three years. The remaining vestings will occur on 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 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025.
- [F9]The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting were not met.