4//SEC Filing
Versteegh Geradus Joseph Maria 4
Accession 0001209191-20-042434
CIK 0000351834other
Filed
Jul 13, 8:00 PM ET
Accepted
Jul 14, 6:58 PM ET
Size
11.4 KB
Accession
0001209191-20-042434
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Versteegh Geradus Joseph Maria
SVP & GM ISS
Transactions
- Award
Performance Stock Units
2020-07-10+28,431→ 28,431 total→ Common Shares (28,431 underlying) - Award
Stock Option (Right to Buy)
2020-07-10+26,402→ 26,402 totalExercise: $4.73Exp: 2030-07-10→ Common Shares (26,402 underlying) - Award
Restricted Stock Units
2020-07-10+14,216→ 14,216 total→ Common Shares (14,216 underlying)
Footnotes (7)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F2]The reporting person was granted performance stock units (the "Performance Units") on July 10, 2020. The vesting of the Performance Units is subject to the satisfaction of certain fiscal year EBITDA achieved during the period commencing on the grant date and ending on December 31, 2022 (the "Performance Period"). For the EBITDA performance conditions, 1/3 of the Performance Units will vest upon the Company achieving annual adjusted EBITDA of $80,000,000, another 1/3 will vest upon the Company achieving annual adjusted EBITDA of $100,000,000, and the final 1/3 will vest upon the Company achieving annual adjusted EBITDA of $110,000,000 during the Performance Period, and subject to continued employment through the end of the fiscal year the EBITDA performance condition is achieved.
- [F3]The Performance Stock Units do not have an expiration date.
- [F4]The Stock Options vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.
- [F5]Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F6]The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.
- [F7]The Restricted Stock Units do not have an expiration date.
Documents
Issuer
SunOpta Inc.
CIK 0000351834
Entity typeother
Related Parties
1- filerCIK 0001638566
Filing Metadata
- Form type
- 4
- Filed
- Jul 13, 8:00 PM ET
- Accepted
- Jul 14, 6:58 PM ET
- Size
- 11.4 KB