Joseph Ennen - 10 Jul 2023 Form 4 Insider Report for SunOpta Inc. (STKL)

Reporting relationship: CEO, Director
Issuer ticker: STKL
Reported as of: 10 Jul 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 12 Jul 2023, 20:09:40 UTC
Prior SEC filing: 21 Jun 2023
Next SEC filing: 13 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Jill Barnett, attorney-in-fact

Key filing fact

Joseph Ennen filed Form 4 for SunOpta Inc. (STKL) on 12 Jul 2023.

Key facts

This page summarizes Joseph Ennen's Form 4 filing for SunOpta Inc. (STKL).
3 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 12 Jul 2023, 20:09.

Change

Previous filing in this sequence was filed on 21 Jun 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

STKL transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +143,810
Change %
Price: $0.000000
Shares after: 143,810
Date: 10 Jul 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 143,810
Exercise price: $6.35
Footnotes: F1, F2

STKL transaction Derivative

Performance Stock Units

Award

Transaction value: $0
Shares: +330,398
Change %
Price: $0.000000
Shares after: 330,398
Date: 10 Jul 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 330,398
Exercise price
Footnotes: F3, F4, F5

STKL transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +82,600
Change %
Price: $0.000000
Shares after: 82,600
Date: 10 Jul 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 82,600
Exercise price
Footnotes: F6, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote 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.

Footnote F2

The options expire 10 years from the award date, subject to continued employment through each such vesting date.

Footnote F3

Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.

Footnote 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.

Footnote F5

The Performance Stock Units do not have an expiration date.

Footnote F6

Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.

Footnote 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.

Footnote F8

The Restricted Stock Units do not have an expiration date.