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