Calvo Jesus Rodriguez 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Jun 11, 2024
Insider Transaction Report
Form 4
Calvo Jesus Rodriguez
SVP, NA Sales & Marketing
Transactions
- Award
Dividend Equivalent Units
2024-06-07+147.936→ 459.211 total→ Ordinary Shares (147.936 underlying)
Holdings
- 900
Restricted Stock Units
→ Ordinary Shares (900 underlying) - 2,210
Restricted Stock Units
→ Ordinary Shares (2,210 underlying) - 8,617
Performance Stock Units
→ Ordinary Shares (8,617 underlying) - 1,346.898
Performance Stock Units
→ Ordinary Shares (1,346.898 underlying)
Footnotes (8)
- [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.
- [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]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 vesting 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 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 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. The remaining vesting will occur on 3/2/2025.
- [F8]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.