David Largey - Apr 8, 2022 Form 4 Insider Report for SunOpta Inc. (STKL)

Role
Chief Quality Officer
Signature
/s/ Jill Barnett, attorney-in-fact
Stock symbol
STKL
Transactions as of
Apr 8, 2022
Transactions value $
$0
Form type
4
Date filed
4/12/2022, 06:08 PM
Previous filing
Apr 5, 2022
Next filing
May 9, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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 +23.2K $0.00 23.2K Apr 8, 2022 Common Shares 23.2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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") vest on March 31, 2023 based upon the Company's gross Adjusted EBITDA (the "Performance Measure") for its 2022 fiscal year. If the Performance Measure is less than $67.65 million, none of the PSUs will vest and the PSUs will expire. If the Performance Measure is at or greater than $67.65 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 $83.15 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.
F3 The Performance Stock Units do not have an expiration date.