SunOpta (STKL) CHRO equity paid out in $6.50-per-share cash deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. Chief Human Resources Officer Danielle Marie Duzan reported the disposition of all her equity in connection with the company’s sale. Under an Arrangement Agreement among SunOpta, Pegasus BidCo B.V. and 2786694 Alberta Ltd., each common share was transferred for $6.50 per share in cash, before any withholding.
Duzan disposed of 8,402 common shares, as well as 39,668 restricted stock units and 36,267 performance stock units, each tied one-for-one to common shares. At the effective time of the court-approved plan of arrangement, these awards were surrendered for cash based on the same $6.50 consideration, leaving no reported remaining holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Duzan Danielle Marie
Role
CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 39,668 | $0.00 | -- |
| Disposition | Performance Stock Units | 36,267 | $0.00 | -- |
| Disposition | Common Stock | 8,402 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct, null);
Performance Stock Units — 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. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. Represents the number of performance share units ("PSUs") held by the reporting person that was determined pursuant to the Arrangement Agreement to be entitled to Consideration in the Arrangement. At the Effective Time, each of these PSUs was surrendered in exchange for, subject to any withholding, a cash payment equal to the Consideration in respect of each Common Share underlying such PSU. Each PSU that was not entitled to Consideration in the Arrangement was cancelled without any consideration.
Key Figures
Cash consideration per share: $6.50 per share
Common shares disposed: 8,402 shares
RSUs surrendered: 39,668 units
+2 more
5 metrics
Cash consideration per share
$6.50 per share
Consideration for each common share at effective time of arrangement
Common shares disposed
8,402 shares
Common stock transferred to purchaser by CHRO
RSUs surrendered
39,668 units
Restricted Stock Units exchanged for cash based on $6.50 consideration
PSUs surrendered
36,267 units
Performance Stock Units determined eligible for cash consideration
Total shares after transaction
0 shares
Reported common stock holdings following disposition
Key Terms
Arrangement Agreement, plan of arrangement, Restricted Stock Unit, Performance Stock Unit, +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.
plan of arrangement regulatory
"by way of a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act"
A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.
Restricted Stock Unit financial
"At the Effective Time, each restricted stock unit ("RSU") held by the reporting person was surrendered in exchange for"
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.
Performance Stock Unit financial
"Represents the number of performance share units ("PSUs") held by the reporting person that was determined"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
Consideration financial
"for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration")."
FAQ
What insider transaction did SunOpta (STKL) disclose for Danielle Marie Duzan?
SunOpta’s CHRO, Danielle Marie Duzan, disclosed the disposition of all her equity holdings. She transferred common shares, restricted stock units, and performance stock units to the acquisition vehicle as part of SunOpta’s cash acquisition, receiving cash consideration instead of continuing as a shareholder.
What happened to the SunOpta (STKL) restricted stock units held by the CHRO?
All restricted stock units held by the CHRO were surrendered at the effective time. Each RSU represented one common share and was exchanged for a cash payment equal to the $6.50 per-share consideration, subject to applicable withholding, instead of settling in SunOpta stock.
How were SunOpta (STKL) performance stock units treated in the acquisition?
Performance stock units that qualified under the Arrangement Agreement were exchanged for cash equal to the $6.50 per-share consideration. Non-qualifying PSUs were cancelled without any payment, reflecting the performance-based nature of those awards under the agreed transaction terms.
Does the SunOpta (STKL) CHRO retain any equity after this Form 4 transaction?
The Form 4 shows zero common shares and derivative securities remaining after the transaction. All reported common shares, restricted stock units, and eligible performance stock units were surrendered for cash as part of the acquisition’s effective time settlement mechanics.