Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STKL | Common Shares | Options Exercise | +595K | +40.32% | 2.07M | Mar 6, 2023 | Direct | F1 | ||
transaction | STKL | Common Shares | Tax liability | -$2.39M | -293K | -14.14% | $8.15 | 1.78M | Mar 6, 2023 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STKL | Performance Share Units | Options Exercise | $0 | -595K | -100% | $0.00* | 0 | Mar 6, 2023 | Common Shares | 595K | Direct | F1, F3, F4 |
Id | Content |
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F1 | Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock. |
F2 | This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the PSUs. |
F3 | The reporting person was granted performance stock units (the "Performance Units") on April 1, 2019. The vesting of the Performance Units is subject to the satisfaction of certain fiscal year EBITDA achieved during the period commencing on the grant date and ending on December 31, 2022 (the "Performance Period"). The vesting of these Performance Units is due the Board of Directors approval of achievement of the $65,000,000 and $87,000,000 adjusted EBITDA hurdles (as modified by the Board, at its sole discretion, from $110,000,000 and 140,000,000, respectively) during the Performance Period, and subject to continued employment through the end of the fiscal year the EBITDA performance condition is achieved. |
F4 | The Performance Stock Units do not have an expiration date. |