APPARECIDO ALEXANDRE 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Apr 2, 2024
Insider Transaction Report
Form 4
APPARECIDO ALEXANDRE
VP, Global Internal Audit
Transactions
- Exercise/Conversion
Ordinary Shares
2024-03-30+500→ 2,964 total - Exercise/Conversion
Ordinary Shares
2024-03-30+83→ 1,964 total - Exercise/Conversion
Ordinary Shares
2024-03-30+500→ 2,464 total - Sale
Ordinary Shares
2024-03-30$25.91/sh−325$8,421→ 2,639 total - Exercise/Conversion
Restricted Stock Units
2024-03-30−500→ 500 total→ Ordinary Shares (500 underlying) - Exercise/Conversion
Dividend Equivalent Units
2024-03-30−84.063→ 358.562 total→ Ordinary Shares (84.063 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-30−500→ 0 total→ Ordinary Shares (500 underlying) - Award
Dividend Equivalent Units
2024-03-29+110.442→ 442.624 total→ Ordinary Shares (110.442 underlying)
Holdings
- 502
Restricted Stock Units
→ Ordinary Shares (502 underlying) - 1,263
Restricted Stock Units
→ Ordinary Shares (1,263 underlying) - 1,909
Performance Stock Units
→ Ordinary Shares (1,909 underlying) - 769.889
Performance Stock Units
→ Ordinary Shares (769.889 underlying) - 5,170
Performance Stock Units
→ Ordinary Shares (5,170 underlying)
Footnotes (13)
- [F1]1.0626 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
- [F10]The PSUs convert to Ordinary Shares on a one-to-one basis.
- [F11]The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F12]The PSUs were awarded on 6/15/2022 and subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
- [F13]The PSUs were awarded on 3/1/2024 and are earned 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]Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- [F3]Each DEU represents a contingent right to received 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.
- [F4]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.
- [F5]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F6]The RSUs were awarded on 3/30/2020 and vested in five equal annual installments.
- [F7]The RSUs were awarded on 3/30/2021 and vest in five equal annual installments. The remaining vesting will occur on 3/30/2025.
- [F8]The RSUs were awarded on 6/15/2022 and vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
- [F9]The RSUs were awarded on 3/2/2023 and vest in three equal annual installments. The remaining vestings will occur on 3/2/2024 and 3/2/2025.