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

Role
SVP Global Sourcing
Signature
/s/ Jill Barnett, attorney-in-fact
Stock symbol
STKL
Transactions as of
Jul 10, 2023
Transactions value $
$0
Form type
4
Date filed
7/12/2023, 08:12 PM
Previous filing
Jun 21, 2023

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 +7.1K $0.00 7.1K Jul 10, 2023 Common Shares 7.1K $6.35 Direct F1, F2
transaction STKL Performance Stock Units Award $0 +16.3K $0.00 16.3K Jul 10, 2023 Common Shares 16.3K Direct F3, F4, F5
transaction STKL Restricted Stock Units Award $0 +4.08K $0.00 4.08K Jul 10, 2023 Common Shares 4.08K 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 July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.
F2 The options expire 10 years from the award date, subject to continued employment through each such vesting date.
F3 Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
F4 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.
F5 The Performance Stock Units do not have an expiration date.
F6 Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
F7 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.
F8 The Restricted Stock Units do not have an expiration date.