SunOpta (STKL) General Counsel exercises RSUs, uses 7,820 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. General Counsel Christopher McCullough exercised restricted stock units and settled related taxes using shares. On April 14, 2026, he converted 17,147 Restricted Stock Units into the same number of common shares. The company then withheld 7,820 common shares at $6.48 per share to satisfy income tax withholding obligations, which is recorded as a disposition but not an open-market sale. After these transactions, McCullough directly owned 29,428 common shares. Footnotes state each RSU represents one share, the RSUs vest in three equal annual installments beginning on April 14, 2026 subject to continued employment, and they do not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,147 shares exercised/converted
Mixed
3 txns
Insider
McCullough Christopher
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,147 | $0.00 | -- |
| Exercise | Common Shares | 17,147 | $0.00 | -- |
| Tax Withholding | Common Shares | 7,820 | $6.48 | $51K |
Holdings After Transaction:
Restricted Stock Units — 34,293 shares (Direct);
Common Shares — 37,248 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the RSUs. The Restricted Stock Units vest in three equal annual installments beginning on April 14, 2026, subject to the continued employment of the reporting person through each such vesting date. The Restricted Stock Units do not have an expiration date.
Key Figures
RSUs converted: 17,147 units
Shares withheld for tax: 7,820 shares
Tax withholding price: $6.48 per share
+3 more
6 metrics
RSUs converted
17,147 units
Restricted Stock Units exercised into common shares on April 14, 2026
Shares withheld for tax
7,820 shares
Common shares withheld to satisfy income tax at $6.48 per share
Tax withholding price
$6.48 per share
Value used for 7,820 shares withheld for income taxes
Shares owned after transactions
29,428 shares
Directly owned SunOpta common shares following April 14, 2026 entries
RSU-to-share ratio
1:1
Each Restricted Stock Unit represents one SunOpta common share
RSU vesting schedule
3 annual installments
Vesting begins April 14, 2026, subject to continued employment
Key Terms
Restricted Stock Units, tax withholding, derivative security, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"shares withheld by the Company to satisfy income tax withholding requirements"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"vest in three equal annual installments beginning on April 14, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
contingent right financial
"represents a contingent right to receive one share of STKL common stock"
FAQ
What did SunOpta (STKL) General Counsel Christopher McCullough report in this Form 4?
Christopher McCullough reported exercising 17,147 Restricted Stock Units into an equal number of SunOpta common shares. The company then withheld 7,820 of those shares to cover income tax withholding obligations, leaving him with 29,428 directly owned common shares afterward.
What is the vesting schedule for Christopher McCullough’s SunOpta (STKL) Restricted Stock Units?
The Restricted Stock Units vest in three equal annual installments beginning on April 14, 2026. Vesting is contingent on McCullough’s continued employment with SunOpta through each vesting date, and the RSUs do not have an expiration date according to the footnotes.
What does each SunOpta (STKL) Restricted Stock Unit represent in McCullough’s Form 4?
Each Restricted Stock Unit represents a contingent right to receive one share of SunOpta common stock. As RSUs vest according to their schedule, they convert into common shares, which can then be subject to tax withholding as described in the Form 4 footnotes.