Form 4: SiteOne EVP Salmon Reports RSU Vesting, Tax-Related Stock Sale

Scott Salmon, EVP of Strategy & Development at SiteOne Landscape Supply, reported the vesting of 667 Restricted Stock Units and the subsequent sale of 241 shares to cover tax obligations.

Summary

• Scott Salmon, Executive Vice President, Strategy & Development at SiteOne Landscape Supply, Inc. (SITE), reported transactions on February 5, 2026.
• 667 shares of Common Stock were acquired through the vesting of Restricted Stock Units (RSUs).
• 241 shares of Common Stock were disposed of at a price of $148.03 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Scott Salmon directly beneficially owns 12,901 shares of Common Stock.
• The original grant on February 5, 2025, consisted of 2,668 RSUs, vesting in four equal annual installments, with the first installment vesting on February 5, 2026.
• After the reported transactions, 2,001 derivative securities (RSUs) remain beneficially owned directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine insider transaction related to executive compensation rather than a strategic or operational development for the company.

Positives

• The vesting of Restricted Stock Units represents a component of executive compensation, indicating continued employment and performance-based rewards for Scott Salmon.

Negatives

• A portion of the vested shares (241 shares) was sold to cover tax liabilities, resulting in a reduction of direct common stock ownership.

Future Outlook

The filing indicates that the remaining 2,001 Restricted Stock Units are expected to vest in future equal annual installments, subject to Scott Salmon's continued employment, following the initial vesting on February 5, 2026.

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine insider transaction related to executive compensation, which is common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning for SiteOne Landscape Supply.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, pre-scheduled executive compensation event and not indicative of a change in company fundamentals or strategy.
• Employees: No direct impact on the broader employee base is indicated by this filing.

Next Steps

• Future equal annual installments of the remaining 2,001 Restricted Stock Units are expected to vest, subject to continued employment.

Key Dates

Keywords

SiteOne Landscape Supply, SITE, Scott Salmon, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Stock Sale, Executive Compensation