Form 4: SunOpta CFO Greg Gaba Reports Stock Transactions
SEC Form 4 Filing
SunOpta's Chief Financial Officer, Greg Gaba, reported the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On May 5, 2024, Greg Gaba, the Chief Financial Officer of SunOpta Inc. (STKL), reported transactions involving SunOpta's common shares and restricted stock units (RSUs).
- Gaba acquired 1,493 common shares upon the vesting of RSUs.
- Simultaneously, 800 shares were disposed of to satisfy income tax withholding requirements at a price of $5.61 per share.
- Following these transactions, Gaba directly owns 41,313 common shares and 1,494 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company officer, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units vest in three equal annual installments, subject to continued employment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining investor confidence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | The Restricted Stock Units vest in three equal annual installments beginning on this date. |
| 05/05/2024 | Date of the reported transactions: vesting of RSUs and disposition of shares for tax withholding. |
| 05/07/2024 | Date of the form filing. |
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