0001209191-23-042125.txt : 20230712 0001209191-23-042125.hdr.sgml : 20230712 20230712194009 ACCESSION NUMBER: 0001209191-23-042125 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230710 FILED AS OF DATE: 20230712 DATE AS OF CHANGE: 20230712 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Barnett Jill CENTRAL INDEX KEY: 0001664397 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34198 FILM NUMBER: 231085551 MAIL ADDRESS: STREET 1: SUNOPTA INC. STREET 2: 7301 OHMS LANE, SUITE 600 CITY: EDINA STATE: MN ZIP: 55439 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SunOpta Inc. CENTRAL INDEX KEY: 0000351834 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150] IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1230 BUSINESS ADDRESS: STREET 1: 7078 SHADY OAK ROAD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344 BUSINESS PHONE: 952-820-2518 MAIL ADDRESS: STREET 1: 7078 SHADY OAK ROAD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344 FORMER COMPANY: FORMER CONFORMED NAME: SUNOPTA INC DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: STAKE TECHNOLOGY LTD DATE OF NAME CHANGE: 19940901 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-07-10 0 0000351834 SunOpta Inc. STKL 0001664397 Barnett Jill SUNOPTA INC., 7078 SHADY OAK ROAD EDEN PRAIRIE MN 55344 0 1 0 0 Chief Administrative Officer 0 Common Shares 2023-07-10 4 M 0 2035 A 154889 D Common Shares 2023-07-10 4 F 0 1002 6.35 D 153887 D Restricted Stock Units 2023-07-10 4 M 0 2035 0.00 D Common Shares 2035 0 D Stock Option (Right to Buy) 6.35 2023-07-10 4 A 0 18654 0.00 A Common Shares 6218 6218 D Performance Stock Units 2023-07-10 4 A 0 42858 0.00 A Common Shares 42858 42858 D Restricted Stock Units 2023-07-10 4 A 0 10715 0.00 A Common Shares 10715 10715 D Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. Includes 1,175 shares acquired under the STKL stock purchase plan in May 2023. 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. 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. The Restricted Stock Units do not have an expiration date. 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. The options expire 10 years from the award date, subject to continued employment through each such vesting date. Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock. 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. The Performance Stock Units do not have an expiration date. 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. /s/ Jill Barnett 2023-07-12