4//SEC Filing
Pelaez Reyes Jorge 4
Accession 0001047340-24-000184
CIK 0001047340other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 7:51 PM ET
Size
17.4 KB
Accession
0001047340-24-000184
Insider Transaction Report
Form 4
Pelaez Reyes Jorge
VP, Central America
Transactions
- Award
Dividend Equivalent Units
2024-06-07+191.058→ 1,069.122 total→ Ordinary Shares (191.058 underlying)
Holdings
- 2,390
Performance Stock Units
→ Ordinary Shares (2,390 underlying) - 3,000
Performance Stock Units
→ Ordinary Shares (3,000 underlying) - 880.853
Performance Stock Units
→ Ordinary Shares (880.853 underlying) - 5,995
Performance Stock Units
→ Ordinary Shares (5,995 underlying) - 574
Restricted Stock Units
→ Ordinary Shares (574 underlying) - 2,090
Performance Stock Units
→ Ordinary Shares (2,090 underlying) - 5,418
Ordinary Shares
- 1,479
Restricted Stock Units
→ Ordinary Shares (1,479 underlying)
Footnotes (11)
- [F1]Each Dividend Equivalent Unit ("DEU") represents a contingent right to receive one ordinary share of FDP. 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 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.
- [F11]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 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 6/15/2022 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2025.
- [F5]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.
- [F6]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F7]The PSUs were awarded on 2/20/2019 and are earned subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F8]The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F9]The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
Documents
Issuer
FRESH DEL MONTE PRODUCE INC
CIK 0001047340
Entity typeother
Related Parties
1- filerCIK 0001702953
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 7:51 PM ET
- Size
- 17.4 KB