McNamara Lauren 4/A

What Happened

• Lauren McNamara, Senior Vice President, Business Management at SunOpta, reported the vesting/conversion of 13,905 performance stock units (PSUs) into common shares on 2026-03-24. The PSUs converted at no cash exercise price. The company withheld 6,453 of those shares to satisfy income tax withholding obligations (6,453 × $6.47 = $41,751), leaving a net delivery of 7,452 shares to McNamara.

Key Details

• Transaction date: 2026-03-24. Amended Form 4 filed: 2026-03-26. Filing is not reported as late.
• Primary actions reported:
  • M (derivative exercise/conversion): 13,905 PSUs converted into shares (no cash price).
  • F (tax withholding): 6,453 shares withheld at $6.47/share to cover $41,751 in taxes (deemed disposition).
• Net shares delivered to insider after withholding: 13,905 − 6,453 = 7,452 shares.
• Footnotes: F1 clarifies each PSU equals one contingent share. F2 explains the 6,453-share line is the deemed disposition for tax withholding. F3 notes the filing’s ownership figures include 1,318 shares purchased through the company Employee Stock Purchase Plan (ESPP) that were not previously reported.
• Shares owned after the reported transactions are shown in the filing (and include the 1,318 ESPP shares); the amended filing appears to correct prior reporting of those ESPP shares.

Context

• This was a conversion/vesting of PSUs, not an open-market sale or purchase; withholding shares for taxes is a routine, non-bull/bear administrative action rather than an expression of market sentiment. For derivative transactions like this, the insider receives shares upon vesting and the company commonly withholds a portion to satisfy tax obligations (a cashless-like settlement).