SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
APPARECIDO ALEXANDRE

(Last) (First) (Middle)
C/O FRESH DEL MONTE PRODUCE INC.
241 SEVILLA AVENUE

(Street)
CORAL GABLES FL 33134

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Global Internal Audit
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/05/2024 S(1) 797 D $24.35 1,881 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Units (2) (2) (2) Ordinary Shares 332.1827 332.1827 D
Restricted Stock Units (3) (4) (4) Ordinary Shares 500 500 D
Restricted Stock Units (3) (5) (5) Ordinary Shares 1,000 1,000 D
Restricted Stock Units (3) (6) (6) Ordinary Shares 502 502 D
Restricted Stock Units (3) (7) (7) Ordinary Shares 1,263 1,263 D
Performance Stock Units (8) (9) (9) Ordinary Shares 1,909 1,909 D
Performance Stock Units (8) (10) (10) Ordinary Shares 769.8886 769.8886 D
Performance Stock Units (8) (11) (11) Ordinary Shares 5,170 5,170 D
Explanation of Responses:
1. Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs").
2. Each Dividend Equivalent Unit ("DEU") represents a contingent right to received one Ordinary Share of the Issuer. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying RSUs and/or PSUs to which they relate.
3. The RSUs convert to Ordinary Shares on a one-for-one basis.
4. The RSUs were awarded on 3/30/2020 and vest in five equal annual installments. The remaining vesting will occur on 3/30/2024.
5. The RSUs were awarded on 3/30/2021 and vest in five equal annual installments. The remaining vestings will occur on 3/30/2024 and 3/30/2025.
6. The RSUs were awarded on 6/15/2022 and vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
7. The RSUs were awarded on 3/2/2023 and vest in three equal annual installments. The remaining vesting will occur on 3/2/2025.
8. The PSUs convert to Ordinary Shares on a one-to-one basis.
9. The PSUs were awarded on 3/1/2021 and 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.
10. 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.
11. 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.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Alexandre Apparecido 03/07/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.