Jill Barnett - Jul 10, 2023 Form 4 Insider Report for SunOpta Inc. (STKL)

Role
Chief Administrative Officer
Signature
/s/ Jill Barnett
Stock symbol
STKL
Transactions as of
Jul 10, 2023
Transactions value $
-$6,363
Form type
4
Date filed
7/12/2023, 07:40 PM
Previous filing
Jun 21, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STKL Common Shares Options Exercise +2.04K +1.33% 155K Jul 10, 2023 Direct F1, F2
transaction STKL Common Shares Tax liability -$6.36K -1K -0.65% $6.35 154K Jul 10, 2023 Direct F3

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 Restricted Stock Units Options Exercise $0 -2.04K -100% $0.00* 0 Jul 10, 2023 Common Shares 2.04K Direct F1, F4, F5
transaction STKL Stock Option (Right to Buy) Award $0 +18.7K $0.00 6.22K Jul 10, 2023 Common Shares 6.22K $6.35 Direct F6, F7
transaction STKL Performance Stock Units Award $0 +42.9K $0.00 42.9K Jul 10, 2023 Common Shares 42.9K Direct F8, F9, F10
transaction STKL Restricted Stock Units Award $0 +10.7K $0.00 10.7K Jul 10, 2023 Common Shares 10.7K Direct F1, F5, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
F2 Includes 1,175 shares acquired under the STKL stock purchase plan in May 2023.
F3 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 RSUs.
F4 The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, 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 The Stock Options vest in three equal annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.
F7 The options expire 10 years from the award date, subject to continued employment through each such vesting date.
F8 Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
F9 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, 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.
F10 The Performance Stock Units do not have an expiration date.
F11 The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.