SunOpta (NASDAQ: STKL) director equity cashed out at $6.50 per share
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. director Leslie Starr Keating reported disposing of her equity in connection with the company’s acquisition. All 148,311 shares of Common Stock were transferred to a purchaser entity under a court-approved plan of arrangement for $6.50 per share in cash, before withholdings.
In addition, 39,740 Restricted Stock Units, each representing one common share, were surrendered for cash based on the same $6.50 consideration per underlying share, subject to any withholding. 5,830 stock options with a $3.25 exercise price were also surrendered for a cash payment equal to the difference between $6.50 and the exercise price, multiplied by the number of option shares, while any options with exercise prices at or above $6.50 were cancelled without payment. Following these transactions, the filing shows Keating with no remaining SunOpta common shares or related derivative awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KEATING LESLIE STARR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 39,740 | $0.00 | -- |
| Disposition | Stock Option (right to buy Common Stock) | 5,830 | $0.00 | -- |
| Disposition | Common Stock | 148,311 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct, null);
Stock Option (right to buy Common Stock) — 0 shares (Direct, null);
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026, by and among SunOpta Inc. ("SunOpta"), Pegasus BidCo B.V. ("Parent") and 2786694 Alberta Ltd. ("Purchaser"), Purchaser acquired all of SunOpta's issued and outstanding common shares in the capital of SunOpta (the "Common Shares") by way of a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement"). At the effective time of the Arrangement (the "Effective Time"), each of SunOpta's issued and outstanding Common Shares were transferred to Purchaser for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration"). Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. At the Effective Time, each restricted stock unit ("RSU") held by the reporting person was surrendered in exchange for, subject to any withholding, a cash payment equal to the Consideration in respect of each Common Share underlying such RSU. At the Effective Time, each stock option held by the reporting person was surrendered in exchange for, subject to any withholding, a cash payment equal to the amount (if any) by which the Consideration in respect of a Common Share underlying such stock option exceeds the exercise price of such stock option, multiplied by the number of Common Shares subject to such stock option. Each stock option with a per share exercise price greater than or equal to the Consideration was cancelled without any consideration.
Key Figures
Common shares disposed: 148,311 shares
Cash consideration per share: $6.50 per share
RSUs surrendered: 39,740 units
+2 more
5 metrics
Common shares disposed
148,311 shares
Transferred for $6.50 cash per share in arrangement
Cash consideration per share
$6.50 per share
Paid for each SunOpta common share in acquisition
RSUs surrendered
39,740 units
Each RSU exchanged for $6.50 cash per underlying share
Options surrendered
5,830 options
Stock options with $3.25 exercise price settled for cash
Option exercise price
$3.25 per share
Exercise price of surrendered stock options
Key Terms
statutory plan of arrangement, Consideration, Restricted Stock Unit, Canada Business Corporations Act, +1 more
5 terms
statutory plan of arrangement regulatory
"by way of a court-approved statutory plan of arrangement under Section 192"
A statutory plan of arrangement is a formal, court‑approved legal process companies use to reorganize, merge, buy or change the rights of shareholders and creditors. Think of it like a referee‑backed roadmap that stakeholders vote on and a judge signs off so the deal can bind everyone, even those who disagree; investors care because it can change ownership, share value, voting rights and timelines for receiving cash or new securities.
Consideration financial
"for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration")"
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Canada Business Corporations Act regulatory
"under Section 192 of the Canada Business Corporations Act (the "Arrangement")"
A federal Canadian law that sets the rules for forming, running and dissolving corporations incorporated under federal jurisdiction. It covers basic things like how boards and shareholders make decisions, what records must be kept, and rules for mergers and share transfers. Investors care because it defines their legal rights, how companies are governed and how corporate actions (like takeovers or dividend changes) are approved—think of it as the rulebook that shapes how their ownership is protected and how value is created or changed.
stock option financial
"each stock option held by the reporting person was surrendered in exchange for"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
What did SunOpta (STKL) director Leslie Starr Keating report in this Form 4?
Leslie Starr Keating reported disposing of all her SunOpta equity. She transferred 148,311 common shares and surrendered related RSUs and stock options as part of a cash acquisition at $6.50 per share under a court-approved plan of arrangement.
What happened to Leslie Starr Keating’s SunOpta (STKL) RSUs in this transaction?
All 39,740 Restricted Stock Units held by the director were surrendered. Each RSU, representing one common share, was exchanged for a cash payment equal to the $6.50 per-share consideration, subject to any withholding, at the effective time of the arrangement transaction.
How were SunOpta (STKL) stock options treated in the acquisition?
Stock options with a $3.25 exercise price were surrendered for cash equal to $6.50 minus $3.25, multiplied by 5,830 option shares. Any SunOpta options with exercise prices at or above the $6.50 consideration were cancelled without any cash payment to the holder.