Caro Jennifer Ann 4

What Happened
Jennifer Ann Caro, Senior Vice President, Sales at SunOpta Inc. (STKL), had 8,569 performance stock units (PSUs) convert into common shares on March 24, 2026. The company withheld 2,994 of those shares to cover income tax withholding (at $6.47 per share, totaling $19,371), leaving Caro with approximately 5,575 net shares. The filing shows the PSU conversion (derivative exercise/settlement) and the share withholding to satisfy tax obligations — this was a compensation vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (filed timely).
• Converted/issued: 8,569 shares from PSUs (transaction code M).
• Shares withheld for taxes: 2,994 shares disposed to company at $6.47/share = $19,371 (transaction code F).
• Net shares retained by insider: ~5,575 shares (8,569 issued minus 2,994 withheld).
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnotes: F1 — each PSU represents a contingent right to one share; F2 — the 2,994-share line reflects shares withheld by the company to satisfy income tax withholding on the vested PSUs.

Context
This was a routine equity compensation settlement (PSU vesting) and a common cashless-type tax-withholding arrangement — not an open-market sale or purchase. Transaction code M indicates exercise/conversion of a derivative (the PSUs converting to stock); code F indicates shares withheld for tax withholding. Such vesting events reflect compensation, not necessarily a signal of the insider’s view on the stock.