Buick Mike 4
4 · SunOpta Inc. · Filed Mar 8, 2023
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Buick Mike
SVP, Beverage and Snack
Transactions
- Tax Payment
Common Shares
2023-03-06$8.15/sh−4,413$35,966→ 153,519 total - Exercise/Conversion
Common Shares
2023-03-06+8,097→ 157,932 total - Exercise/Conversion
Performance Stock Units
2023-03-06−8,097→ 0 total→ Common Shares (8,097 underlying)
Footnotes (5)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F2]Includes 233 shares acquired under the STKL stock purchase plan in November 2022 and 348 shares acquired under the STKL stock purchase plan in February 2023.
- [F3]This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the PSUs.
- [F4]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"). The vesting of this 1/3 of the Performance Units is due to the company achieving annual adjusted EBITDA of $65,000,000 (as modified by the Board of Directors, at its sole discretion, from $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.
- [F5]The Performance Stock Units do not have an expiration date.