| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STKL | Performance Stock Units | Award | $0 | +19.9K | $0.00 | 19.9K | Dec 29, 2023 | Common Shares | 19.9K | Direct | F1, F2, F3 | ||
| transaction | STKL | Restricted Stock Units | Award | $0 | +9.95K | $0.00 | 9.95K | Dec 29, 2023 | Common Shares | 9.95K | Direct | F4, F5, F6 | ||
| transaction | STKL | Stock Option (Right to Buy) | Award | $0 | +17.3K | $0.00 | 17.3K | Dec 29, 2023 | Common Shares | 17.3K | $5.47 | Direct | F7 | |
| transaction | STKL | Performance Stock Units | Award | $0 | +1.55K | $0.00 | 1.55K | Dec 29, 2023 | Common Shares | 1.55K | Direct | F1, F3, F8 |
| Id | Content |
|---|---|
| F1 | Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock. |
| F2 | The Performance Stock Units (PSUs) will vest or lapse on April 15, 2026 (Vesting Date), depending on the Company's total shareholder return (the "TSR") performance relative to the Russell 3000 Food and Beverage companies during the performance period as described in the award agreement. If none of the hurdles are met, none of the PSUs will vest and the award will lapse. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50th percentile hurdle is met, 100% of the PSUs will vest. If the 75th percentile hurdle is met, 125% of the PSUs will vest. If the 90th percentile or above is met, 200% of the PSUs will vest. The number included in column 5 of Table II reflects the target number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date |
| F3 | The Performance Stock Units do not have an expiration date. |
| F4 | Each Restrictive Stock Unit represents a contingent right to receive one share of STKL common stock. |
| F5 | The Restricted Stock Units vest in three annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date. The installments will be 2,478 in 2024, 3,737 in 2025, and 3,737 in 2026. |
| F6 | The Restrictive Stock Units do not have an expiration date. |
| F7 | The Stock Options vest in three annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date. The installments will be 4,316 in 2024, 6,505 in 2025, and 6,505 in 2026. |
| F8 | The Performance Stock Units ("PSUs") vest on April 1, 2024 based upon the Company's gross Adjusted EBITDA (the "Performance Measure") for its 2023 fiscal year. If the Performance Measure is less than $85 million, none of the PSUs will vest and the PSUs will expire. If the Performance Measure is at or greater than $85 million, a percentage of the PSUs, ranging from 50% to 100%, will vest in accordance with the vesting table and the remaining PSUs will expire. The vested amount increases by one percentage point for each level of Adjusted EBITDA achieved, as specified in the vesting table. If the Performance Measure is greater than or equal to $100 million, all of the PSUs will vest. Vesting is also subject to individual performance and continued employment of the reporting person through the vesting date. |