Form 4: SunOpta Inc. Executive Jill Barnett Reports Stock Transactions
SEC Form 4 Filing
Jill Barnett, Chief Administrative Officer of SunOpta Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 10, 2024, Jill Barnett, Chief Administrative Officer of SunOpta Inc., reported transactions involving SunOpta Inc. common shares.
- Barnett acquired 3,572 shares upon the vesting of restricted stock units (RSUs).
- Simultaneously, 1,629 shares were disposed of to satisfy income tax withholding requirements related to the RSU vesting at a price of $5.41.
- Following these transactions, Barnett directly owns 177,381 shares of SunOpta Inc.
- The reported transactions also include 1,562 shares acquired under the STKL stock purchase plan in May 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency regarding the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to align executive interests with long-term shareholder value.
- The vesting schedule of three equal annual installments is a standard practice.
- Tax withholding practices related to RSU vesting are also common.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
- Employees may be interested in the details of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| May 2024 | 1,562 shares acquired under the STKL stock purchase plan. |
| 07/10/2024 | Date of transaction: vesting of 3,572 Restricted Stock Units and disposal of 1,629 shares for tax withholding. |
| 07/10/2024 | First vesting date of the Restricted Stock Units in three equal annual installments. |
| 07/12/2024 | Date of signature for the Form 4 filing. |
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