SunOpta director exits in $6.50-per-share deal
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. director David J. Lemmon reported disposing of his stake in connection with SunOpta’s acquisition by Pegasus BidCo B.V. and 2786694 Alberta Ltd. Under a court-approved plan of arrangement, all common shares were transferred for $6.50 per share in cash.
Lemmon disposed of 22,879 common shares directly to the issuer and surrendered 20,193 restricted stock units, each representing one common share, for cash equal to the same $6.50 per underlying share, leaving him with no reported remaining holdings.
Insider Trade Summary
Disposition: 43,072 shares
Disposition
2 txns
Insider
Lemmon David J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 20,193 | $0.00 | $0.00 |
| Disposition | Common Stock | 22,879 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 units (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. 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").
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- F3. 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: 22,879 shares
RSUs surrendered: 20,193 units
Cash consideration per share: $6.50 per share
+1 more
4 metrics
Common shares disposed
22,879 shares
Transferred to purchaser/issuer at effective time of arrangement
RSUs surrendered
20,193 units
Exchanged for cash based on underlying common shares
Cash consideration per share
$6.50 per share
Paid for each SunOpta common share under arrangement
Shares after transaction
0 shares
Total SunOpta holdings reported following disposition
Key Terms
Arrangement Agreement, statutory plan of arrangement, Restricted Stock Unit (RSU), Consideration
4 terms
Arrangement Agreement regulatory
"Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026..."
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
"Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SunOpta (STKL) director David J. Lemmon report?
David J. Lemmon reported disposing of all his SunOpta holdings. He transferred 22,879 common shares to the acquirer and surrendered 20,193 restricted stock units, all for cash consideration of $6.50 per share under a court-approved arrangement.
How were SunOpta (STKL) restricted stock units treated in the transaction?
Each restricted stock unit was exchanged for cash equal to $6.50 per underlying common share. For David J. Lemmon, 20,193 RSUs were surrendered at the effective time of the arrangement, with payment subject to applicable tax withholding requirements.
What legal structure was used to acquire SunOpta (STKL) in this deal?
The acquisition used a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. This structure allowed the purchaser to acquire all issued and outstanding SunOpta common shares in a single, court-sanctioned transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
