0001047340-24-000057.txt : 20240305
0001047340-24-000057.hdr.sgml : 20240305
20240305214652
ACCESSION NUMBER: 0001047340-24-000057
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240301
FILED AS OF DATE: 20240305
DATE AS OF CHANGE: 20240305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BETTI TAREK AHMAD
CENTRAL INDEX KEY: 0001919356
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-07708
FILM NUMBER: 24724226
MAIL ADDRESS:
STREET 1: C/O FRESH DEL MONTE PRODUCE INC.
STREET 2: P.O. BOX 149222
CITY: CORAL GABLES
STATE: FL
ZIP: 33114
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FRESH DEL MONTE PRODUCE INC
CENTRAL INDEX KEY: 0001047340
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1229
BUSINESS ADDRESS:
STREET 1: 241 SEVILLA AVENUE, 12TH FLOOR
STREET 2: C/O DEL MONTE FRESH PRODUCE CO
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
BUSINESS PHONE: 3055208400
MAIL ADDRESS:
STREET 1: C/O DEL MONTE FRESH PRODUCE COMPANY
STREET 2: 241 SEVILLA AVENUE, 12TH FLOOR
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
4
1
wk-form4_1709693203.xml
FORM 4
X0508
4
2024-03-01
0
0001047340
FRESH DEL MONTE PRODUCE INC
FDP
0001919356
BETTI TAREK AHMAD
C/O FRESH DEL MONTE PRODUCE INC
241 SEVILLA AVENUE
CORAL GABLES
FL
33134
0
1
0
0
Chief Human Resources Officer
0
Ordinary Shares
2024-03-01
4
M
0
714
0
A
1461
D
Ordinary Shares
2024-03-01
4
M
0
50
0
A
1511
D
Ordinary Shares
2024-03-02
4
M
0
538
0
A
2049
D
Ordinary Shares
2024-03-02
4
M
0
1011
0
A
3060
D
Ordinary Shares
2024-03-02
4
M
0
957
0
A
4017
D
Ordinary Shares
2024-03-02
4
M
0
90
0
A
4107
D
Dividend Equivalent Units
2024-03-01
4
M
0
50.8845
0
D
Ordinary Shares
50.8845
438.9842
D
Dividend Equivalent Units
2024-03-01
4
D
0
88.204
0
D
Ordinary Shares
88.204
350.7802
D
Dividend Equivalent Units
2024-03-02
4
M
0
90.4711
0
D
Ordinary Shares
90.4711
260.3091
D
Restricted Stock Units
2024-03-01
4
M
0
714
0
D
Ordinary Shares
714
0
D
Restricted Stock Units
2024-03-02
4
M
0
538
0
D
Ordinary Shares
538
555
D
Restricted Stock Units
2024-03-02
4
M
0
1011
0
D
Ordinary Shares
1011
2026
D
Performance Stock Units
Ordinary Shares
1943
1943
D
Performance Stock Units
2024-03-02
4
M
0
957.6016
0
D
Ordinary Shares
957.6016
986.7968
D
Performance Stock Units
2024-03-02
4
D
0
3037
0
D
Ordinary Shares
3037
0
D
Each Dividend Equivalent Unit ("DEU") 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.
A fractional share of DEUs on the RSUs vesting was paid in cash.
88.204 DEUs were forfeited because the minimum performance criteria for the vesting of the underlying PSUs were not met.
A fractional share of DEUs on the RSUs and PSUs vesting was paid in cash.
The RSUs convert to Ordinary Shares on a one-for-one basis.
The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vesting occurred on 3/1/2024.
RSUs were awarded on 6/15/2022 and vest in three equal annual installments over three years. The remaining vesting will occur on 3/2/2025.
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.
The PSUs convert to Ordinary Shares on a one-for-one basis.
The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting were not met.
The PSUs were awarded on 3/2/2023 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2024, 3/2/2025 and 3/2/2026. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
2024-03-05