Form 4: SunOpta CFO Greg Gaba Reports Stock Transactions

SunOpta's Chief Financial Officer, Greg Gaba, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On July 10, 2024, Greg Gaba, the Chief Financial Officer of SunOpta Inc. (STKL), had restricted stock units (RSUs) vest, resulting in the acquisition of 4,147 common shares.
• Following the vesting, 2,112 shares were disposed of to cover income tax withholding requirements at a price of $5.41 per share.
• After these transactions, Gaba directly owns 43,348 common shares and 8,294 restricted stock units.
• The RSUs vest in three annual installments starting July 10, 2024, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherent positive or negative implications for the company's performance or outlook.

Future Outlook

The remaining Restricted Stock Units vest in two further annual installments, contingent on continued employment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.

Key Dates