Director Albert Bolles exits SunOpta (STKL) stake in $6.50-per-share cash deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. director Albert D. Bolles disposed of his equity as part of the company’s sale. On the closing of an Arrangement Agreement with Pegasus BidCo B.V. and 2786694 Alberta Ltd., all of his 233,283 shares of common stock were transferred to the purchaser.
Each share was exchanged for $6.50 in cash, before applicable withholdings. In addition, 20,193 restricted stock units, each representing one common share, were surrendered for a cash payment equal to the same $6.50-per-share consideration for the underlying shares. Following these transactions, Bolles reported no remaining direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bolles Albert D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 20,193 | $0.00 | -- |
| Disposition | Common Stock | 233,283 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 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.
Key Figures
Common shares disposed: 233,283 shares
RSUs surrendered: 20,193 units
Cash consideration per share: $6.50 per share
+2 more
5 metrics
Common shares disposed
233,283 shares
Transferred to purchaser at effective time of Arrangement
RSUs surrendered
20,193 units
RSUs exchanged for cash based on underlying common shares
Cash consideration per share
$6.50 per share
Consideration for each SunOpta common share in the Arrangement
Total dispose transactions
2 transactions
One for common stock, one for RSUs on 2026-05-01
Shares remaining after transaction
0 shares
Direct holdings by Albert D. Bolles following disposition
Key Terms
Arrangement Agreement, statutory plan of arrangement, Restricted Stock Unit (RSU), Consideration, +1 more
5 terms
Arrangement Agreement regulatory
"Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026, by and among SunOpta Inc."
An arrangement agreement is a legally binding plan that sets out the detailed terms and steps for a major corporate action—such as a merger, takeover, restructuring, or sale—and the approvals needed from shareholders, creditors and sometimes a court. It matters to investors because it determines who will own the company, how much they will receive, the timing and conditions for the deal to close, and the likelihood the transaction will actually happen; think of it as the project blueprint and checklist for a big corporate change.
statutory plan of arrangement regulatory
"by way of a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act"
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.
Restricted Stock Unit (RSU) financial
"Restricted Stock Unit (RSU)"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Consideration financial
"for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration")."
FAQ
What insider transaction did SunOpta (STKL) director Albert D. Bolles report?
Albert D. Bolles reported disposing of all his SunOpta equity in connection with the company’s acquisition. He transferred 233,283 common shares and surrendered 20,193 restricted stock units, receiving cash consideration based on a fixed per-share price under the Arrangement Agreement.
What happened to Albert D. Bolles’ SunOpta (STKL) restricted stock units?
At the effective time of the transaction, all 20,193 restricted stock units held by Albert D. Bolles were surrendered. In return, he became entitled to a cash payment equal to $6.50 for each underlying common share, net of any applicable withholding obligations under the deal terms.
What corporate transaction triggered the SunOpta (STKL) insider disposition?
The disposition was triggered by an Arrangement Agreement among SunOpta, Pegasus BidCo B.V., and 2786694 Alberta Ltd. Under a court-approved statutory plan of arrangement, the purchaser acquired all issued and outstanding SunOpta common shares for $6.50 per share in cash at the effective time.