SunOpta SVP Clark Bryan sells $45,212 in common shares

Published 14/03/2025, 01:30
SunOpta SVP Clark Bryan sells $45,212 in common shares

SunOpta Inc. (NASDAQ:STKL) Senior Vice President of Research & Development and Quality Assurance, Clark Bryan, recently sold a portion of his holdings in the company. According to a recent SEC filing, Bryan sold 8,500 common shares on March 13, 2025, at a weighted average price of $5.3191 per share. The total value of the transaction amounted to $45,212.

Following this sale, Bryan retains ownership of 28,150 shares in SunOpta. The shares were sold in multiple transactions at prices ranging from $5.30 to $5.40. The company, which is based in Eden Prairie, Minnesota, focuses on the production of beverages and other natural and organic food products. While currently showing mixed financial signals, analysts maintain an optimistic outlook, with InvestingPro analysis indicating the stock is currently undervalued. Subscribers can access 10+ additional ProTips and comprehensive financial metrics in the detailed Pro Research Report.

In other recent news, SunOpta has maintained its Buy rating from DA Davidson, with a consistent price target of $9. Analyst Brian Holland emphasized SunOpta’s strong growth prospects, citing its attractive risk-reward profile and potential for margin expansion and improved returns. Despite the removal of the plant-based surcharge at coffee chains, Holland remains optimistic about the company’s trajectory, noting its pattern of high single-digit top-line growth. The analyst also highlighted SunOpta’s strong free cash flow conversion as a key factor in the positive assessment.

Additionally, SunOpta announced the immediate termination of Chad Hagen as Chief Customer Officer. The company disclosed the terms of Hagen’s severance, which includes a $175,000 lump sum payment and the vesting of 36,667 unvested Restricted Stock Units. SunOpta will cover the employer portion of Hagen’s medical and dental premiums for up to three months if he opts for COBRA. The reasons for Hagen’s termination were not specified, but the agreement requires him to waive any legal claims against the company. These developments were part of SunOpta’s regular corporate governance activities and regulatory compliance.

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