Form 4: SunOpta Inc. Executive Lauren McNamara Reports Stock Transactions
SEC Form 4
Lauren McNamara, SVP of Business Management at SunOpta Inc., reports the vesting and subsequent share withholding for tax obligations related to Performance Stock Units (PSUs) and Restricted Stock Units (RSUs).
Summary
- On May 5, 2025, Lauren McNamara, SVP of Business Management at SunOpta Inc., reported transactions involving common shares, Performance Stock Units (PSUs), and Restricted Stock Units (RSUs).
- 9,200 Performance Stock Units vested, resulting in the acquisition of 9,200 common shares.
- 1,704 Restricted Stock Units vested, resulting in the acquisition of 1,704 common shares.
- 4,196 shares were withheld by the company to satisfy income tax obligations related to the vesting of PSUs at a price of $4.55.
- 778 shares were withheld by the company to satisfy income tax obligations related to the vesting of RSUs at a price of $4.55.
- Following these transactions, McNamara beneficially owns 113,392 common shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The vesting of Performance Stock Units is contingent on the company's total shareholder return (TSR) performance relative to the Russell 3000 Food and Beverage companies during the performance period, with vesting percentages ranging from 25% to 200% depending on the percentile achieved.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity. It is common for executives to receive stock-based compensation, and the vesting and subsequent tax withholding are typical events.
Stakeholder Impact
- The transactions have a minor impact on the total number of outstanding shares.
- Shareholders may be interested in the vesting conditions of the Performance Stock Units, which are tied to the company's TSR performance.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of transaction for common shares, PSUs, and RSUs. |
| 05/06/2025 | Date of signature by attorney-in-fact. |
Keywords
SunOpta Inc., STKL, Lauren McNamara, Performance Stock Units, Restricted Stock Units, Beneficial Ownership, Form 4, SEC Filing, Stock Transactions, Insider Trading
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