Gaba Greg 4

What Happened
Greg Gaba, Chief Financial Officer of SunOpta (STKL), had 21,553 Performance Stock Units (PSUs) convert into common shares on 2026-03-24. The company withheld 9,836 of those shares to satisfy income tax withholding at $6.47/share (total withheld value $63,639). The net shares delivered to Gaba were 11,717 (21,553 vested − 9,836 withheld). The conversion/vesting had no exercise price (PSUs), so this is an award vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (timely).
• Primary actions reported: M = conversion/exercise of derivative (21,553 PSUs → shares); F = shares withheld for tax withholding (9,836 shares @ $6.47 = $63,639).
• Implied total value of vested shares (based on $6.47/share): ~ $139,448; net value received ~ $75,809 (11,717 shares). These are illustrative based on the reported withholding price.
• Shares owned after the transaction: not specified in the provided Form 4 excerpt.
• Footnotes: F1 — each PSU converts into one share of STKL common stock; F2 — the 9,836-share line reflects shares withheld to satisfy income tax withholding.
• Transaction codes: M = option/derivative exercise/conversion; F = tax withholding. No 10b5-1 plan or other special instructions were reported.

Context
This was a typical vesting/conversion of PSUs with a company withholding shares to cover taxes (a net settlement), not an open-market sale. Such transactions reflect compensation vesting and routine tax withholding; they do not by themselves indicate a buy or sell sentiment by the insider.