Chris Whitehair - May 5, 2022 Form 4 Insider Report for SunOpta Inc. (STKL)

Role
SVP Supply Chain
Signature
/s/ Jill Barnett, attorney-in-fact
Stock symbol
STKL
Transactions as of
May 5, 2022
Transactions value $
$0
Form type
4
Date filed
5/9/2022, 09:13 PM
Previous filing
Apr 12, 2022
Next filing
Jun 15, 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 Stock Option (Right to Buy) Award $0 +15K $0.00 15K May 5, 2022 Common Shares 15K $5.91 Direct F1, F2
transaction STKL Restricted Stock Units Award $0 +18.7K $0.00 18.7K May 5, 2022 Common Shares 18.7K Direct F3, F4, F5
transaction STKL Performance Stock Units Award $0 +37.4K $0.00 37.4K May 5, 2022 Common Shares 37.4K Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Options vest in three equal annual installments beginning on May 5, 2023 subject to the continued employment of the reporting person through each such vesting date. These options qualify as incentive stock options.
F2 The Stock Options, once vested, will expire 10 years after each such vesting date, subject to continued employment through that vesting date.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
F4 The Restricted Stock Units vest in three equal annual installments beginning on May 5, 2023 subject to the continued employment of the reporting person through each such vesting date.
F5 The Restricted Stock Units do not have an expiration date.
F6 Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
F7 The Performance Stock Units (PSUs) will vest or lapse on May 5, 2025 (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, no PSUs will vest and the award will lapse. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50% percentile hurdle is met, 100% of the PSUs will vest. If the 75% 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 number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date.
F8 The Performance Stock Units do not have an expiration date.