0001209191-22-027963.txt : 20220509
0001209191-22-027963.hdr.sgml : 20220509
20220509213125
ACCESSION NUMBER: 0001209191-22-027963
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220505
FILED AS OF DATE: 20220509
DATE AS OF CHANGE: 20220509
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ennen Joseph
CENTRAL INDEX KEY: 0001772678
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34198
FILM NUMBER: 22907079
MAIL ADDRESS:
STREET 1: SUNOPTA, 7301 OHMS LANE
STREET 2: SUITE 600
CITY: EDINA
STATE: MN
ZIP: 55439
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SunOpta Inc.
CENTRAL INDEX KEY: 0000351834
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
IRS NUMBER: 000000000
STATE OF INCORPORATION: Z4
FISCAL YEAR END: 0101
BUSINESS ADDRESS:
STREET 1: 7078 SHADY OAK ROAD
CITY: EDEN PRAIRIE
STATE: MN
ZIP: 55344
BUSINESS PHONE: 952-820-2518
MAIL ADDRESS:
STREET 1: 7078 SHADY OAK ROAD
CITY: EDEN PRAIRIE
STATE: MN
ZIP: 55344
FORMER COMPANY:
FORMER CONFORMED NAME: SUNOPTA INC
DATE OF NAME CHANGE: 20031107
FORMER COMPANY:
FORMER CONFORMED NAME: STAKE TECHNOLOGY LTD
DATE OF NAME CHANGE: 19940901
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-05-05
0
0000351834
SunOpta Inc.
STKL
0001772678
Ennen Joseph
7078 SHADY OAK ROAD
EDEN PRAIRIE
MN
55344
1
1
0
0
CEO
Performance Stock Units
2022-05-05
4
A
0
534758
0.00
A
Common Shares
534758
534758
D
Stock Option (Right to Buy)
5.91
2022-05-05
4
A
0
1017036
0.00
A
Common Shares
1017036
1017036
D
Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock.
The Performance Stock Units (PSUs) will vest or lapse on May 5, 2025 (Vesting Date), depending on the Company's total shareholder return (the "TSR") performance relative to the Russell 3000 Food and Beverage companies during the performance period as described in the award agreement. If none of the hurdles are met, no PSUs will vest and the award will lapse. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50% percentile hurdle is met, 100% of the PSUs will vest. If the 75% percentile hurdle is met, 125% of the PSUs will vest. If the 90th percentile or above is met, 200% of the PSUs will vest. The number included in column 5 of Table II reflects the number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date.
The Performance Stock Units do not have an expiration date.
The Stock Options vest in three equal annual installments beginning on May 5, 2023 subject to the continued employment of the reporting person through each such vesting date. These options qualify as incentive stock options.
The Stock Options, once vested, will expire 10 years after each such vesting date, subject to continued employment through that vesting date.
/s/ Jill Barnett, attorney-in-fact
2022-05-09