Form 4: Director Larisa Drake Executes RSU Vesting at SiteOne
Statement of Changes in Beneficial Ownership
Director Larisa Drake reported the vesting of 1,125 restricted stock units and the receipt of 1,186 new units at SiteOne Landscape Supply.
Summary
- Director Larisa Drake acquired 1,125 shares of common stock through the vesting of restricted stock units (RSUs) on May 12, 2026.
- Following the transaction, the director holds 7,313 shares of common stock.
- On May 13, 2026, the director was granted an additional 1,186 RSUs.
- The new RSUs are scheduled to vest on the earlier of the day preceding the next annual meeting or the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director equity compensation with no impact on company operations.
Positives
- Director maintains a significant equity stake of 7,313 shares, aligning interests with shareholders.
Negatives
- None identified; this is a routine equity compensation disclosure.
Risks
- Continued service as a non-employee director is required for the vesting of the newly granted RSUs.
Future Outlook
The newly granted RSUs are expected to vest upon the earlier of the day preceding the company's next annual meeting or May 13, 2027, contingent upon continued service.
Industry Context
StockSavvy.ai notes that this filing represents standard corporate governance and director compensation practices within the industrial and landscaping supply sector, reflecting typical equity-based retention strategies for board members.
Comparison to Industry Standards
- The use of RSUs for non-employee director compensation is consistent with standard practices among mid-cap industrial companies.
- The one-year vesting schedule is a common benchmark for director equity grants to ensure alignment with annual shareholder cycles.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Appointment of Travis Ryan Jackson, David Wellen, Eric Elema, Joseph Ketter, and Rebecca Ramstrom as attorneys-in-fact for SEC filings. | 2026-02-04 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- No material impact on shareholders, employees, or customers as this is a standard equity compensation event.
Next Steps
- Vesting of the 1,186 RSUs granted on May 13, 2026, subject to continued service.
Key Dates
| Date | Description |
|---|---|
| 2026-02-04 | Execution of Power of Attorney for SEC filings. |
| 2026-05-12 | Vesting of 1,125 RSUs and acquisition of common stock. |
| 2026-05-13 | Grant of 1,186 new RSUs. |
Keywords
SiteOne Landscape Supply, SITE, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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