SVP, CHRO Tenazas Marissa R converted options into 2,556 units of Ordinary Shares and sold $35,645 worth of Ordinary Shares (1,148 units at $31.05), increasing direct ownership by 65% to 3,573 units (SEC Form 4)
$FDP
Farming/Seeds/Milling
Consumer Staples
| 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 |
|
|||||||||||||||
| 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*
(Street)
|
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)
|
||||||||||||||||||||||||
|
3. Date of Earliest Transaction
(Month/Day/Year) 04/01/2025 | ||||||||||||||||||||||||||
|
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
| 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 | 04/01/2025 | M | 92(1) | A | $0 | 2,256.961(2) | D | |||
| Ordinary Shares | 04/01/2025 | M | 2,464 | A | $0 | 4,720.961 | D | |||
| Ordinary Shares | 04/02/2025 | S | 1,148(3) | D | $31.05 | 3,572.961 | 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 | (4) | 04/01/2025 | M | 92.2869 | (4) | (4) | Ordinary Shares | 92.2869 | $0 | 319.97(5) | D | ||||
| Restricted Stock Units | (6) | (7) | (7) | Ordinary Shares | 6,854 | 6,854 | D | ||||||||
| Performance Stock Units | (8) | 04/01/2025 | M | 2,464 | (9) | (9) | Ordinary Shares | 2,464 | $0 | 4,930 | D | ||||
| Performance Stock Units | (8) | (10) | (10) | Ordinary Shares | 6,854 | 6,854 | D | ||||||||
| Explanation of Responses: |
| 1. .2869 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash. |
| 2. Includes 21.496 shares acquired through a dividend reinvestment plan. |
| 3. Reflects shares sold for taxes payable upon the vesting of Performance Stock Units ("PSUs"). |
| 4. Each DEU 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 PSUs to which they relate. |
| 5. Includes 210.3058 shares acquired through a dividend reinvestment plan. |
| 6. The RSUs convert to Ordinary Shares on a one-to-once basis. |
| 7. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028. |
| 8. The PSUs convert to Ordinary Shares on a one-to-one basis. |
| 9. The PSUs were awarded on 4/1/2024 subject to meeting the minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 4/1/2026 and 4/1/2027. |
| 10. The PSUs were awarded on 3/3/2025 and are earned subject to meeting the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/3/2026, 3/3/2027 and 3/3/2028. |
| Remarks: |
| /s/ Effie D. Silva, Attorney-in-Fact for Marissa R. Tenazas | 04/03/2025 | |
| ** 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. | ||