Form 4: SunOpta CFO Greg Gaba Reports Stock Transactions
SEC Form 4 Filing
SunOpta's Chief Financial Officer, Greg Gaba, reported the vesting of performance stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On April 1, 2024, Greg Gaba, the CFO of SunOpta Inc., reported transactions involving SunOpta's common shares.
- Gaba acquired 12,075 common shares through the vesting of Performance Stock Units (PSUs).
- Simultaneously, 6,464 shares were disposed of to cover income tax withholding requirements related to the PSU vesting at a price of $6.79 per share.
- Following these transactions, Gaba directly owns 40,360 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their impact on their holdings. This filing indicates standard compensation practices involving stock-based compensation and tax obligations.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the CFO's holdings, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of earliest transaction: vesting of Performance Stock Units and tax withholding. |
| 04/03/2024 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.