McNamara Lauren 4

What Happened

• Lauren McNamara, Senior Vice President, Business Management at SunOpta (STKL), had 13,905 Performance Stock Units (PSUs) convert into 13,905 shares on 2026-03-24. To satisfy income tax withholding, the company withheld 6,453 of those shares (treated as a disposition) at $4.12 per share, valued at $26,586. The filing records the derivative conversion (PSU vest) and the share withholding for taxes.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (timely within the 2-business-day window).
• Primary events: conversion/exercise of PSUs into 13,905 shares (derivative exercise); 6,453 shares withheld to cover income tax withholding (code F).
• Withheld shares value: 6,453 shares × $4.12 = $26,586 (reported as the payment/tax withholding).
• Ownership after transaction: not specified in the excerpt of the filing provided.
• Footnotes: F1 clarifies each PSU equals a contingent right to one common share; F2 notes the deemed disposition is the withholding to satisfy income tax; F3 indicates 1,318 shares from the Company ESPP were purchased previously and not previously reported.

Context

• This was a vesting/conversion of performance awards, not an open-market sale or purchase. The withholding of shares to cover taxes is a common, routine administrative step (a cashless/stock-withholding settlement) and does not necessarily signal a trading decision.
• For retail investors, awards being settled into shares increases insider-held equity, while the withheld shares simply satisfy tax obligations and are not a market sale.