Form 4: SiteOne EVP Versaggi Vests RSUs, Acquires Shares

SiteOne Landscape Supply, Inc. EVP Shannon Versaggi vested 515 Restricted Stock Units, acquiring common stock and disposing of shares for tax obligations.

Summary

• Shannon Versaggi, EVP Mktg, Cat. Mgmt. & Pricing at SiteOne Landscape Supply, Inc. (SITE), reported transactions on February 7, 2026.
• 515 Restricted Stock Units (RSUs) vested and converted into common stock on a one-for-one basis.
• Concurrently, 196 shares of common stock were disposed of at a price of $150.01 per share to cover tax liabilities related to the RSU vesting.
• Following these transactions, Versaggi directly beneficially owns 6,779 shares of common stock and 1,031 Restricted Stock Units.
• The vested RSUs are part of a grant of 2,062 RSUs awarded on February 7, 2024, which vest in four equal annual installments beginning February 7, 2025, contingent on continued employment.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine and expected executive compensation event, reflecting the vesting of previously granted equity awards and continued executive tenure, which is generally a positive sign of stability.

Positives

• Vesting of 515 Restricted Stock Units indicates continued employment and successful achievement of vesting conditions.
• The conversion of RSUs to common stock increases the reporting person's direct ownership in the company.

Negatives

• 196 shares of common stock were disposed of to cover tax obligations, reducing the net shares acquired from the RSU vesting.

Future Outlook

The remaining 1,031 Restricted Stock Units are expected to vest in future equal annual installments, subject to Shannon Versaggi's continued employment with SiteOne Landscape Supply, Inc.

Industry Context

StockSavvy.ai notes that executive equity compensation, such as Restricted Stock Units, is a common practice across industries, aligning management incentives with shareholder interests. The vesting and subsequent tax-related sales are standard procedures for such compensation plans.

Comparison to Industry Standards

• StockSavvy.ai observes that the structure of RSU grants with multi-year vesting schedules is a standard practice in executive compensation across publicly traded companies, including peers in the building materials and landscape supply sectors like Pool Corporation (POOL) or Beacon Roofing Supply (BECN).
• The one-for-one conversion and tax withholding at vesting are typical mechanisms for such equity awards.

Related Party Transactions

• The vesting and subsequent acquisition/disposition of shares by an executive officer (Shannon Versaggi) constitutes a related party transaction as it involves an insider's dealings with company securities.

Stakeholder Impact

• Shareholders: The vesting and subsequent sale for tax purposes represent a minor dilution event, but also signal continued executive alignment with company performance.
• Employees: The RSU vesting demonstrates the company's commitment to its executive compensation plans.

Next Steps

• Future annual installments of the remaining 1,031 Restricted Stock Units are expected to vest on their scheduled dates, contingent on continued employment.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of Restricted Stock Units and a subsequent sale of shares to cover tax obligations. It does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific insider transaction.

Keywords

SiteOne Landscape Supply, SITE, Shannon Versaggi, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Executive Compensation, Equity Compensation