Form 4: SiteOne CEO Doug Black Reports RSU Vesting, Stock Transactions

SiteOne Landscape Supply CEO Doug Black reported the vesting of Restricted Stock Units and related stock transactions on February 5, 2026.

Summary

• Doug Black, CEO and Director of SiteOne Landscape Supply, Inc. (SITE), reported transactions on February 5, 2026, related to his equity compensation.
• 3,865 Restricted Stock Units (RSUs) vested, converting into an equal number of common shares.
• Following the vesting, 3,865 shares of common stock were acquired.
• 1,049 shares of common stock were disposed of at a price of $148.03 per share to cover tax withholding obligations associated with the RSU vesting.
• After these transactions, Doug Black directly beneficially owns 487,996 shares of common stock.
• He also indirectly owns 3,591 shares through a Family Trust and 93,675 shares through a SLAT (Spousal Lifetime Access Trust).
• 11,595 derivative securities (RSUs) remain beneficially owned, which are part of the original grant from February 5, 2025.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting the routine realization of executive compensation through RSU vesting. It does not signal any new fundamental information about the company's performance or strategic direction.

Positives

• Vesting of 3,865 Restricted Stock Units (RSUs) represents a realization of equity compensation for the CEO, aligning executive interests with shareholder value.
• The acquisition of common stock upon RSU conversion increases the CEO's direct ownership in the company.

Negatives

• Disposal of 1,049 shares of common stock for tax withholding purposes reduces the CEO's direct beneficial ownership, though this is a standard practice for RSU vesting.

Future Outlook

The initial grant of 15,460 RSUs on February 5, 2025, vests in four equal annual installments, subject to continued employment. This implies three more annual vesting events of 3,865 RSUs each after the reported one.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction, specifically the vesting of Restricted Stock Units (RSUs) and the subsequent sale of shares to cover tax obligations. Such transactions are common for executives receiving equity-based compensation and are generally not indicative of a change in management's outlook on the company's prospects.

Related Party Transactions

• Indirect beneficial ownership of 3,591 shares by a family trust for which the Reporting Person's spouse serves as trustee.
• Indirect beneficial ownership of 93,675 shares by a SLAT (Spousal Lifetime Access Trust).

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event for an executive. It reflects the ongoing alignment of executive incentives with shareholder value through equity ownership.

Next Steps

• Future annual vesting installments of the remaining 11,595 Restricted Stock Units (RSUs) granted on February 5, 2025, subject to continued employment.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction related to executive compensation. It does not provide new material information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. Investors should consider this a standard disclosure.

Keywords

SiteOne Landscape Supply, SITE, Doug Black, CEO, Director, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Compensation, Common Stock, Tax Withholding