4//SEC Filing
Reijn Barend 4
Accession 0001209191-23-042139
CIK 0000351834other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 8:12 PM ET
Size
11.5 KB
Accession
0001209191-23-042139
Insider Transaction Report
Form 4
SunOpta Inc.STKL
Reijn Barend
General Manager of CPG Fruit
Transactions
- Award
Stock Option (Right to Buy)
2023-07-10+7,095→ 7,095 totalExercise: $6.35→ Common Shares (7,095 underlying) - Award
Restricted Stock Units
2023-07-10+4,075→ 4,075 total→ Common Shares (4,075 underlying) - Award
Performance Stock Units
2023-07-10+16,300→ 16,300 total→ Common Shares (16,300 underlying)
Footnotes (8)
- [F1]The Stock Options vest in three equal annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.
- [F2]The options expire 10 years from the award date, subject to continued employment through each such vesting date.
- [F3]Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F4]The Performance Stock Units (PSUs) will vest or lapse on April 15, 2026 (Vesting Date), depending on the Company's total shareholder return (the "TSR") performance relative to the Russell 3000 Food and Beverage companies during the performance period as described in the award agreement. If none of the hurdles are met, no PSUs will vest and the award will lapse. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50% percentile hurdle is met, 100% of the PSUs will vest. If the 75% percentile hurdle is met, 125% of the PSUs will vest. If the 90th percentile or above is met, 200% of the PSUs will vest. The number included in column 5 of Table II reflects the number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date.
- [F5]The Performance Stock Units do not have an expiration date.
- [F6]Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F7]The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2024, 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 0001789124
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 8:12 PM ET
- Size
- 11.5 KB