Form 4: SiteOne EVP Salmon Granted 2,340 Restricted Stock Units

SiteOne Landscape Supply's EVP of Strategy & Development, Scott Salmon, was granted 2,340 Restricted Stock Units, vesting over four years.

Summary

• Scott Salmon, Executive Vice President of Strategy & Development at SiteOne Landscape Supply, Inc. (SITE), was granted 2,340 Restricted Stock Units (RSUs).
• The transaction date for the RSU grant was February 4, 2026.
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will vest and settle into shares of common stock in four equal annual installments, with the first installment beginning on February 4, 2027.
• Vesting is contingent upon Mr. Salmon's continued employment with the company.
• Following this transaction, Mr. Salmon beneficially owns 2,340 derivative securities (RSUs) directly.
• A Power of Attorney was executed on February 4, 2026, appointing several individuals to execute and file SEC forms on behalf of Scott Salmon.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive development, as it represents a routine executive compensation event that aligns management's interests with long-term shareholder value, without indicating any immediate operational or financial changes.

Positives

• The grant of Restricted Stock Units aligns the executive's long-term interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• The multi-year vesting schedule encourages executive retention and sustained performance.

Future Outlook

The future outlook for Scott Salmon's compensation includes the vesting of 2,340 Restricted Stock Units over four equal annual installments, commencing on February 4, 2027, provided he remains employed by SiteOne Landscape Supply, Inc.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units to an executive is a standard practice in corporate compensation across various industries, including the landscape supply sector. This method is widely used to incentivize long-term performance and align management's financial interests with shareholder value creation, consistent with practices observed in companies like ABC Supply Co. Inc. or Beacon Roofing Supply, Inc. within related distribution sectors.

Comparison to Industry Standards

• The grant of RSUs as a component of executive compensation is a common practice across publicly traded companies, aligning with global benchmarks for executive incentive programs.
• The four-year vesting schedule is typical for such grants, comparable to similar long-term incentive plans at peer companies in the building materials and distribution sectors, such as Builders FirstSource, Inc. or Fastenal Company, which often use multi-year vesting to promote retention and sustained performance.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's financial incentives with the company's long-term performance, potentially benefiting shareholders through sustained growth and value creation.
• Employees: The vesting schedule encourages executive retention, which can contribute to leadership stability within the company.

Next Steps

• The RSUs will vest in four equal annual installments, with the first vesting on February 4, 2027, subject to continued employment.

Key Dates

Keywords

SiteOne Landscape Supply, SITE, Restricted Stock Units, RSU grant, executive compensation, insider transaction, Form 4, Scott Salmon