Form 4: SiteOne Landscape Supply CEO Doug Black Reports Stock Transactions
SEC Form 4 Filing
CEO Doug Black reports the vesting and conversion of Restricted Stock Units (RSUs) into common stock, along with associated tax withholding.
Summary
- Doug Black, CEO of SiteOne Landscape Supply, reported transactions involving Restricted Stock Units (RSUs) and common stock.
- On February 7, 2025, 3,094 RSUs vested and were converted into common stock.
- A portion of the shares (848) were disposed of to cover tax obligations at a price of $133.13 per share.
- On February 9, 2025, 2,008 RSUs vested and were converted into common stock.
- A portion of the shares (550) were disposed of to cover tax obligations at a price of $133.13 per share.
- Following these transactions, Mr. Black directly owns 576,065 shares of common stock and 4,017 RSUs.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports routine stock transactions related to executive compensation.
Positives
- The vesting of RSUs indicates continued employment and alignment with the company's long-term performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Reporting Person was granted 8,034 RSUs, vesting in four equal annual installments beginning on February 9, 2024. |
| 02/07/2024 | Reporting Person was granted 12,375 RSUs, vesting in four equal annual installments beginning on February 7, 2025. |
| 02/07/2025 | 3,094 RSUs vested and converted to common stock; 848 shares disposed of for tax obligations. |
| 02/09/2025 | 2,008 RSUs vested and converted to common stock; 550 shares disposed of for tax obligations. |
| 02/11/2025 | Date of Form 4 filing. |
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