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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/29/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1047340 |
| Issuer Name: FRESH DEL MONTE PRODUCE INC |
| Issuer Trading Symbol: FDP |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1663529 |
| | Owner Name: Abbas Mohammed |
| Reporting Owner Address: |
| | Owner Street 1: C/O FRESH DEL MONTE PRODUCE INC. |
| | Owner Street 2: 241 SEVILLA AVENUE |
| | Owner City: CORAL GABLES |
| | Owner State: FL |
| | Owner ZIP Code: 33134 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Operating Officer |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Ordinary Shares |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 29,945 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Dividend Equivalent Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 3/29/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 597.0682 |
| Footnote ID: F2 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F1 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 597.0682 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,746.7277 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F3 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Footnote ID: F4 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 2,838 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,838 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F3 |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Footnote ID: F5 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 7,156 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 7,156 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F7 |
| | Expiration Date: |
| | | Footnote ID: F7 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 4,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Footnote ID: F8 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,552 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,552 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F9 |
| | Expiration Date: |
| | | Footnote ID: F9 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F10 |
| | Expiration Date: |
| | | Footnote ID: F10 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 1948 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1948 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F11 |
| | Expiration Date: |
| | | Footnote ID: F11 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,791 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,791 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F12 |
| | Expiration Date: |
| | | Footnote ID: F12 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,268.538 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,268.538 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F13 |
| | Expiration Date: |
| | | Footnote ID: F13 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 29,729 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 29,729 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - 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. |
| Footnote - 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. |
| Footnote - F3: The RSUs convert to Ordinary Shares on a one-for-one basis. |
| Footnote - F4: The RSUs were awarded on 6/15/22 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/25. |
| Footnote - F5: The RSUs were awarded on 3/2/23 and vest in three equal annual installments over three years. The remaining vestings will occur on 3/2/25 and 3/2/26. |
| Footnote - F6: The PSUs convert to Ordinary Shares on a one-for-one basis. |
| Footnote - F7: The PSUs were awarded 2/24/16 subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/17, 2/24/18 and 2/24/19. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F8: The PSUs were awarded on 2/22/17 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested on 2/22/18, 2/22/19 and 2/22/20. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F9: The PSUs were awarded on 2/20/19 subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/20, 2/20/21 and 2/20/22. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F10: The PSUs were awarded on 3/2/20 and subject to meeting minimum performance criteria which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/21, 3/1/22 and 3/1/23. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F11: The PSUs were awarded on 3/1/21 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/22, 3/1/23 and 3/1/24. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F12: The PSUs were awarded on 6/15/22 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 3/2/25. |
| Footnote - F13: The PSUs were awarded on 3/1/24 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal installments on each of 3/1/25, 3/1/26 and 3/1/27. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Effie D. Silva, Attorney-in-Fact for Mohammed Abbas |
| Signature Date: 4/2/24 |