Form 4: SiteOne Director Larisa Drake Reports Vesting of Restricted Stock Units
SEC Form 4 Filing
Director Larisa Drake reports the vesting of 865 Restricted Stock Units (RSUs) convertible to common stock in a recent SEC filing.
Summary
- Larisa Drake, a director of SiteOne Landscape Supply, Inc., filed a Form 4 with the SEC.
- The filing reports the vesting of 865 Restricted Stock Units (RSUs) on May 7, 2025.
- These RSUs convert into common stock on a one-for-one basis.
- Following the transaction, Ms. Drake beneficially owns 6,188 shares of common stock.
- The RSUs were granted on May 7, 2024, and vest upon the earlier of the next annual meeting or the first anniversary of the grant date, contingent on continued service as a non-employee director.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing regarding stock vesting, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 7, 2024 | Date the Reporting Person was granted 865 RSUs |
| May 7, 2025 | Date of RSU vesting |
| May 9, 2025 | Date of filing |
Keywords
Form 4, SEC Filing, Restricted Stock Units, RSUs, Vesting, Director, SiteOne Landscape Supply, SITE, Larisa Drake, Beneficial Ownership, Common Stock
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