Clark Bryan P 4
Research Summary
AI-generated summary
SunOpta (STKL) SVP Bryan P. Clark Receives 14,091 Shares via PSU Vesting
What Happened
- Bryan P. Clark, Senior Vice President, R&D and FSQ at SunOpta (STKL), had 14,091 Performance Stock Units (PSUs) convert into common shares on 2026-03-24. The company withheld 6,519 of those shares to cover income tax withholding at $6.47 per share (deemed disposition), amounting to $42,178, leaving Clark with a net 7,572 shares. This was a vesting/award conversion (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (timely filing).
- Conversion: 14,091 PSUs converted into 14,091 shares (transaction code M — exercise/conversion of derivative).
- Tax withholding: 6,519 shares withheld at $6.47 each for taxes, totaling $42,178 (transaction code F — payment of tax liability via share withholding).
- Net shares retained by insider: 14,091 − 6,519 = 7,572 shares.
- Footnotes: F1 — each PSU converts into one common share; F2 — the withheld-share line reflects the deemed disposition to satisfy tax withholding.
- Ownership after transaction: Not disclosed in the provided filing excerpt.
Context
- This was a routine PSU vesting event with company withholding to satisfy tax obligations (a common, non-market sale process). The conversion required no cash exercise price. Such award vestings are generally administrative and do not necessarily signal a change in insider sentiment.