Barend Reijn - Mar 6, 2023 Form 4 Insider Report for SunOpta Inc. (STKL)

Signature
/s/ Jill Barnett, attorney-in-fact
Stock symbol
STKL
Transactions as of
Mar 6, 2023
Transactions value $
-$29,959
Form type
4
Date filed
3/8/2023, 03:11 PM
Previous filing
Aug 26, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STKL Common Shares Options Exercise +6.84K +20.06% 40.9K Mar 6, 2023 Direct F1
transaction STKL Common Shares Tax liability -$30K -3.68K -8.99% $8.15 37.2K Mar 6, 2023 Direct F2

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 Options Exercise $0 -6.84K -100% $0.00* 0 Mar 6, 2023 Common Shares 6.84K Direct F1, F3, F4
* 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 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 July 10, 2020. 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 this 1/3 of the Performance Units is due to the company achieving annual adjusted EBITDA of $65,000,000 (as modified by the Board of Directors, at its sole discretion, from $110,000,000) 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.