Filing Details
- Accession Number:
- 0001047340-21-000257
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-09-02 18:14:10
- Reporting Period:
- 2021-08-31
- Accepted Time:
- 2021-09-02 18:14:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1047340 | Fresh Del Monte Produce Inc | FDP | Agricultural Production-Crops (100) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1418036 | Mohammad Abu-Ghazaleh | C/O Fresh Del Monte Produce Inc. P.o. Box 149222 Coral Gables FL 33114 | Chairman And Ceo | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Disposition | 2021-08-31 | 13,724 | $32.65 | 6,747,412 | No | 4 | S | Direct | |
| Ordinary Shares | Disposition | 2021-09-01 | 12,716 | $32.58 | 6,734,696 | No | 4 | S | Direct | |
| Ordinary Shares | Disposition | 2021-09-02 | 11,288 | $32.62 | 6,723,408 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Ordinary Shares | 20,000 | Indirect | Held by Spouse |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Dividend Equivalent Units | $0.00 | 2,833 | 2,833 | Direct | ||
| Ordinary Shares | Employee Stock Options (Right to Buy) | $26.52 | 2023-02-20 | 32,200 | 32,200 | Direct | |
| Ordinary Shares | Employee Stock Options (Right to Buy) | $28.89 | 2024-04-30 | 64,400 | 64,400 | Direct | |
| Ordinary Shares | Restricted Stock Unit | $0.00 | 10,000 | 10,000 | Direct | ||
| Ordinary Shares | Restricted Stock Unit | $0.00 | 20,000 | 20,000 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 30,000 | 30,000 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 60,217 | 60,217 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 13,333 | 13,333 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 22,134 | 22,134 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 60,217 | 60,217 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2,833 | 2,833 | Direct | |
| 2023-02-20 | 32,200 | 32,200 | Direct |
| 2024-04-30 | 64,400 | 64,400 | Direct |
| 10,000 | 10,000 | Direct | |
| 20,000 | 20,000 | Direct | |
| 30,000 | 30,000 | Direct | |
| 60,217 | 60,217 | Direct | |
| 13,333 | 13,333 | Direct | |
| 22,134 | 22,134 | Direct | |
| 60,217 | 60,217 | Direct |
Footnotes
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $32.08 to $32.91 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $32.36 to $32.84 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $32.40 to $32.98 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- Each Dividend Equivalent Unit ("DEUs") represent 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.
- Stock Options are fully vested.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The remaining vesting will occur on 2/21/22.
- RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings will occur on 2/20/22 and 2/20/23.
- RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2022, 3/1/2023 and 3/1/2024.
- The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2022, 3/1/2023 and 3/1/2024.
- The PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022.
- The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023.
- The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024.
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