Chad Hagen - Aug 10, 2023 Form 3 Insider Report for SunOpta Inc. (STKL)

Role
Chief Customer Officer
Signature
/s/ Jill Barnett, attorney-in-fact
Stock symbol
STKL
Transactions as of
Aug 10, 2023
Transactions value $
$0
Form type
3
Date filed
8/21/2023, 08:18 PM
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STKL Common Shares 112K Aug 10, 2023 Direct

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
holding STKL Performance Stock Units Aug 10, 2023 Common Shares 11.3K $0.00 Direct F1, F2
holding STKL Performance Stock Units Aug 10, 2023 Common Shares 31.2K $0.00 Direct F2, F3
holding STKL Performance Stock Units Aug 10, 2023 Common Shares 21.5K $0.00 Direct F2, F4
holding STKL Performance Stock Units Aug 10, 2023 Common Shares 28.4K $0.00 Direct F2, F5
holding STKL Restricted Stock Units Aug 10, 2023 Common Shares 30K $0.00 Direct F6, F7
holding STKL Restricted Stock Units Aug 10, 2023 Common Shares 3.55K $0.00 Direct F7, F8
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 2.5K $13.86 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 9K $11.30 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 11K $10.08 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 30.6K $3.27 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 8.19K $9.50 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 1.6K $4.10 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 16.6K $4.73 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 13.1K $14.77 Direct F9
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 59.3K $5.91 Direct F10
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 7.68K $6.35 Direct F11
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 5.92K $3.27 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 8.43K $9.50 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 800 $4.10 Direct
holding STKL Stock Option (Right to Buy) Aug 10, 2023 Common Shares 15.3K $6.35 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Performance Stock Units (PSUs) will vest or lapse on April 15, 2024 (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, none of the PSUs will vest and the award will lapse. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50th percentile hurdle is met, 100% of the PSUs will vest. If the 75th 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 target number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date.
F2 The Performance Stock Units do not have an expiration date.
F3 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.
F4 The Performance Stock Units ("PSUs") vest on April 1, 2024 based upon the Company's gross Adjusted EBITDA (the "Performance Measure") for its 2023 fiscal year. If the Performance Measure is less than $85 million, none of the PSUs will vest and the PSUs will expire. If the Performance Measure is at or greater than $85 million, a percentage of the PSUs, ranging from 50% to 100%, will vest in accordance with the vesting table and the remaining PSUs will expire. The vested amount increases by one percentage point for each level of Adjusted EBITDA achieved, as specified in the vesting table. If the Performance Measure is greater than or equal to $100 million, all of the PSUs will vest. Vesting is also subject to individual performance and continued employment of the reporting person through the vesting date.
F5 The Performance Stock Units (PSUs) will vest or lapse on July 10, 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.
F6 The Restricted Stock Units vest in three equal annual installments beginning on December 16, 2023, subject to the continued employment of the reporting person through each such vesting date.
F7 The Restricted Stock Units do not have an expiration date.
F8 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.
F9 The Stock Options vest in three equal annual installments beginning on April 15, 2022 subject to the continued employment of the reporting person through each such vesting date.
F10 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.
F11 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.