Versteegh Geradus Joseph Maria 4/A
4/A · SunOpta Inc. · Filed Aug 17, 2020
Insider Transaction Report
Form 4/AAmended
SunOpta Inc.STKL
Versteegh Geradus Joseph Maria
SVP & GM ISS
Transactions
- Award
Restricted Stock Units
2020-07-10+14,260→ 14,260 total→ Common Shares (14,260 underlying) - Award
Performance Stock Units
2020-07-10+28,519→ 28,519 total→ Common Shares (28,519 underlying) - Award
Stock Option (Right to Buy)
2020-07-10+26,484→ 26,484 totalExercise: $4.73Exp: 2030-07-10→ Common Shares (26,484 underlying)
Footnotes (10)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F10]The Restricted Stock Units do not have an expiration date.
- [F2]The original Form 4 incorrectly reported the amount as 28,431 due to a clerical error.
- [F3]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"). For the EBITDA performance conditions, 1/3 of the Performance Units will vest upon the Company achieving annual adjusted EBITDA of $80,000,000, another 1/3 will vest upon the Company achieving annual adjusted EBITDA of $100,000,000, and the final 1/3 will vest upon the Company achieving annual adjusted EBITDA of $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.
- [F4]The Performance Stock Units do not have an expiration date.
- [F5]The original Form 4 incorrectly reported the amount as 26,402 due to a clerical error.
- [F6]The Stock Options vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.
- [F7]Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F8]The original Form 4 incorrectly reported the amount as 14,216 due to a clerical error.
- [F9]The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2021, subject to the continued employment of the reporting person through each such vesting date.