Form 4: SiteOne Landscape Supply CEO Doug Black Reports Stock Transactions
SEC Form 4 Filing
CEO Doug Black reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On February 10, 2025, Doug Black, CEO of SiteOne Landscape Supply, reported transactions involving the company's common stock.
- These transactions included the vesting of 1,579 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Black also disposed of 494 shares to cover tax obligations at a price of $134.08 per share.
- Following these transactions, Black directly owns 577,150 shares of common stock and 1,579 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions are part of a pre-existing compensation plan. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency regarding the CEO's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Reporting Person was granted 6,317 RSUs, vesting in four equal annual installments beginning on February 10, 2023, subject to the Reporting Person's continued employment. |
| 02/10/2023 | First vesting date of RSUs granted on February 10, 2022. |
| 02/10/2025 | Date of reported transactions: vesting of 1,579 RSUs and disposal of 494 shares for tax obligations. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
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