In our airline, certainly, FDM is more complex than simply looking at whether an event has been triggered. A "High speed below 500 feet" event would result in an analysis of the whole approach. The analysts would, in this case, note that the aircraft met all stabilised approach parameters, and that what triggered the condition was a short term environmental fluctuation - something specifically covered in the ops manual, which says:
Short-term deviations as a result of atmospheric conditions are acceptable if corrected in an appropriate manner.
(or words to that effect)