Form 4: SiteOne Landscape Supply CEO Doug Black Reports Stock Transactions
SEC Form 4 Filing
CEO Doug Black of SiteOne Landscape Supply, Inc. reports the vesting of restricted stock units and subsequent stock sales.
Summary
- On February 11, 2025, Doug Black, CEO of SiteOne Landscape Supply, Inc., reported the vesting of 1,504 Restricted Stock Units (RSUs) which convert into common stock on a one-for-one basis.
- Following the vesting, Mr. Black disposed of 551 shares of common stock at a price of $133.16 per share to cover tax obligations.
- After these transactions, Mr. Black beneficially owns 578,103 shares of SiteOne Landscape Supply, Inc.
- The RSUs were granted on February 11, 2021, and vest in four equal annual installments beginning on February 11, 2022, subject to continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation and subsequent sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of the CEO.
Key Dates
| Date | Description |
|---|---|
| 02/11/2021 | Grant date of 6,018 Restricted Stock Units (RSUs) vesting in four equal annual installments. |
| 02/11/2022 | First vesting date of the RSUs. |
| 02/11/2025 | Date of reported transaction: vesting of 1,504 RSUs and disposition of 551 shares. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
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