Tenazas Marissa R 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Sep 10, 2024
Insider Transaction Report
Form 4
Tenazas Marissa R
SVP, CHRO
Transactions
- Award
Dividend Equivalent Units
2024-09-06+64.048→ 145.768 total→ Ordinary Shares (64.048 underlying)
Holdings
- 2,108.008
Ordinary Shares
- 7,394
Performance Stock Units
→ Ordinary Shares (7,394 underlying)
Footnotes (4)
- [F1]Each Dividend Equivalent Unit ("DEUs") 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 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 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 PSUs are subject to the same restrictions and vesting conditions as the underlying PSUs.
- [F3]The PSUs convert to Ordinary Shares on a one-to-one basis.
- [F4]The PSUs were awarded on 4/1/2024 and are earned subject to meeting the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each 4/1/2025, 4/1/2026 and 4/1/2027.