Christopher McCullough - Mar 31, 2025 Form 3 Insider Report for SunOpta Inc. (STKL)

Role: General Counsel
Signature: /s/ Chris McCullough
Stock symbol: STKL
Transactions as of: Mar 31, 2025
Transactions value $: $0
Form type: 3
Date filed: 4/7/2025, 04:52 PM
Next filing: Apr 7, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	STKL	Common Shares						4.96K	Mar 31, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	STKL	Performance Stock Units							Mar 31, 2025	Common Shares	8.91K	$0.00	Direct	F1, F2
holding	STKL	Restricted Stock Units							Mar 31, 2025	Common Shares	2.97K	$0.00	Direct	F3, F4
holding	STKL	Restricted Stock Units							Mar 31, 2025	Common Shares	5.5K	$0.00	Direct	F4, F5
holding	STKL	Stock Option (Right to Buy)							Mar 31, 2025	Common Shares	7.76K	$6.35	Direct	F6
holding	STKL	Stock Option (Right to Buy)							Mar 31, 2025	Common Shares	8.53K	$6.55	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Performance Stock Units ("PSUs") will vest or expire on April 15, 2026 ("Vesting Date"), depending on the Company's total shareholder return ("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, none of the PSUs will vest and the award will expire. If the 25th percentile hurdle is met, 25% of the PSUs will vest. If the 50th percentile hurdle is met, 100% of the PSUs will vest. If the 75th 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 3 of Table II reflects the target number of PSUs eligible for vesting subject to the reporting person's continued employment with the Company through the Vesting Date.
F2	The Performance Stock Units do not have an expiration date.
F3	The Restricted Stock Units vest in three equal annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.
F4	The Restricted Stock Units do not have an expiration date.
F5	The Restricted Stock Units vest in three equal annual installments beginning on April 30, 2025, subject to the continued employment of the reporting person through each such vesting date.
F6	The Stock Options vest in three equal annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date. These options qualify as incentive stock options.
F7	The Stock Options vest in three equal annual installments beginning on April 30, 2025, subject to the continued employment of the reporting person through each such vesting date. These options qualify as incentive stock options.