4//SEC Filing
Largey David 4
Accession 0001209191-21-046636
CIK 0000351834other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 8:42 PM ET
Size
15.6 KB
Accession
0001209191-21-046636
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Largey David
Chief Quality Officer
Transactions
- Exercise/Conversion
Common Shares
2021-07-10+4,044→ 69,628 total - Tax Payment
Common Shares
2021-07-10$12.33/sh−1,384$17,065→ 68,244 total - Exercise/Conversion
Common Shares
2021-07-10+1,011→ 69,255 total - Tax Payment
Common Shares
2021-07-10$12.33/sh−346$4,266→ 68,909 total - Exercise/Conversion
Performance Stock Units
2021-07-10−4,044→ 8,087 total→ Common Shares (4,044 underlying) - Exercise/Conversion
Restricted Stock Units
2021-07-10−1,011→ 2,022 total→ Common Shares (1,011 underlying)
Footnotes (8)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F2]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.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F4]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 RSUs.
- [F5]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.
- [F6]The Performance Stock Units do not have an expiration date.
- [F7]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.
- [F8]The Restricted Stock Units do not have an expiration date.
Documents
Issuer
SunOpta Inc.
CIK 0000351834
Entity typeother
Related Parties
1- filerCIK 0001788867
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 8:42 PM ET
- Size
- 15.6 KB