Duzan Danielle Marie 4

What Happened

• Danielle Marie Duzan, Chief Human Resources Officer of SunOpta (STKL), had 7,076 Performance Stock Units (PSUs) convert into common shares on March 24, 2026.
• The company withheld 2,713 of those shares to satisfy income tax withholding obligations, valued at $6.47 per share for a total withholding of $17,553. The conversion is reported as a derivative exercise/settlement (PSUs convert to shares) and retained net shares equal 4,363 (7,076 issued − 2,713 withheld). This was a vesting/award conversion rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (timely filing).
• Conversion: 7,076 PSUs → 7,076 shares (derivative exercise/settlement).
• Shares withheld for taxes: 2,713 shares at $6.47/share = $17,553 withheld (deemed disposition).
• Net shares delivered to insider: 4,363 shares.
• Footnotes: F1—Each PSU equals a contingent right to one share. F2—2,713 shares were withheld to satisfy income tax withholding at vesting.
• Shares owned after transaction: not specified in the filing.

Context

• This was a routine vesting/settlement of PSUs (an award), not an open-market purchase or sale. The withholding of shares to cover taxes is common in equity compensation settlements and does not, by itself, indicate a change in the insider's market view.