Form 4: SiteOne Executive's RSU Vesting and Stock Sale

SiteOne Landscape Supply EVP Shannon Versaggi reported the vesting of 644 Restricted Stock Units and a subsequent sale of 262 shares for tax obligations.

Summary

• Shannon Versaggi, EVP Mktg, Cat. Mgmt. & Pricing at SiteOne Landscape Supply, Inc., reported transactions on February 5, 2026.
• 644 Restricted Stock Units (RSUs) vested, converting into 644 shares of common stock on a one-for-one basis.
• Following the vesting, 262 shares of common stock were disposed of at a price of $148.03 per share to cover tax withholding obligations.
• After these transactions, Versaggi directly beneficially owns 6,460 shares of common stock and 1,932 Restricted Stock Units.
• The RSUs originated from a grant of 2,576 units on February 5, 2025, vesting in four equal annual installments, contingent on continued employment.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting routine executive compensation and continued employment, with no material impact on the company's operational or financial standing.

Positives

• Vesting of 644 Restricted Stock Units indicates continued employment and compensation for the EVP.
• The conversion of RSUs to common stock increases the executive's direct ownership in the company.

Negatives

• 262 shares of common stock were sold to cover tax liabilities, reducing the executive's direct shareholding.

Future Outlook

The remaining 1,932 Restricted Stock Units are expected to vest in future equal annual installments, subject to continued employment, following the initial vesting on February 5, 2026.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as RSU vesting and subsequent tax-related sales, are common across industries and generally do not signal significant shifts in company performance or strategy. These transactions are part of standard executive compensation packages.

Comparison to Industry Standards

• StockSavvy.ai observes that RSU grants with multi-year vesting schedules are a standard component of executive compensation in publicly traded companies, aligning executive incentives with long-term shareholder value.
• The practice of selling a portion of vested shares to cover tax obligations is also a common and expected procedure for executives receiving equity compensation, consistent with practices at companies like Home Depot (HD) or Lowe's (LOW) in related sectors, where similar equity compensation structures are prevalent.

Related Party Transactions

• The reported transactions involve an executive (Shannon Versaggi) and the company (SiteOne Landscape Supply, Inc.), which are inherently related party dealings as part of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, pre-scheduled compensation event. The sale of shares for tax purposes is a small dilution relative to total shares outstanding.
• Management: Confirms continued compensation for a key executive, potentially reinforcing stability in the leadership team.

Next Steps

• Future annual installments of the remaining 1,932 Restricted Stock Units are expected to vest, contingent on Shannon Versaggi's continued employment.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled vesting of Restricted Stock Units and a subsequent sale of shares for tax purposes by an executive. Such transactions are common and expected as part of executive compensation and do not typically provide new information that would warrant a change in investment thesis for SiteOne Landscape Supply. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell the stock.

Keywords

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