Buick Mike 4
4 · SunOpta Inc. · Filed Apr 12, 2022
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Buick Mike
SVP, Beverage and Snack
Transactions
- Award
Performance Stock Units
2022-04-08+47,151→ 47,151 total→ Common Shares (47,151 underlying)
Footnotes (3)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F2]The Performance Stock Units ("PSUs") vest on March 31, 2023 based upon the Company's gross Adjusted EBITDA (the "Performance Measure") for its 2022 fiscal year. If the Performance Measure is less than $67.65 million, none of the PSUs will vest and the PSUs will expire. If the Performance Measure is at or greater than $67.65 million, a percentage of the PSUs, ranging from 50% to 100%, will vest in accordance with the vesting table and the remaining PSUs will expire. The vested amount increases by one percentage point for each level of Adjusted EBITDA achieved, as specified in the vesting table. If the Performance Measure is greater than or equal to $83.15 million, all of the PSUs will vest. Vesting is also subject to individual performance and continued employment of the reporting person through the vesting date.
- [F3]The Performance Stock Units do not have an expiration date.