Kobler Justin 4

What Happened Justin Kobler, Senior Vice President, Supply Chain at SunOpta (STKL), had 12,236 performance stock units (PSUs) convert into common shares on 2026-03-24. The PSUs converted at no exercise price (reported $0.00), and the company withheld 5,586 shares to satisfy income tax withholding obligations (valued at $6.47/share, $36,141). After withholding, Kobler received approximately 6,650 net shares. This was not an open-market sale or purchase but a routine vesting/conversion event.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (filed within two days of the transaction).
• Conversion: 12,236 PSUs converted to 12,236 shares (derivative code M).
• Tax withholding: 5,586 shares withheld (code F) at $6.47/share = $36,141.
• Net shares delivered: ~6,650 (12,236 converted − 5,586 withheld).
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnotes: F1 — each PSU equals a contingent right to one share; F2 — the 5,586-share line reflects shares withheld to satisfy tax withholding on PSU vesting.
• Transaction type notes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context This is a vesting/conversion of performance awards rather than an insider purchase or an active sale. Withholding shares to cover taxes is routine and does not necessarily indicate any change in the insider’s view of the company. No cashless open-market sale was reported here; the $0.00 exercise price reflects that the PSUs converted without an exercise payment.