Form 4: SiteOne Landscape Supply Director Acquires Restricted Stock Units

Larisa Drake, a director at SiteOne Landscape Supply, acquired 865 Restricted Stock Units (RSUs) that will vest within the next year.

Summary

• On May 7, 2024, Larisa Drake, a director of SiteOne Landscape Supply, Inc., acquired 865 Restricted Stock Units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will vest and settle upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 7, 2024, contingent on Drake's continued service as a non-employee director.
• Following the transaction, Drake directly owns 865 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock units granted to a director, neither particularly positive nor negative.

Future Outlook

The RSUs will vest and settle upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 7, 2024, in each case subject to the Reporting Person's continued service as a non-employee director.

Industry Context

Form 4 filings are routine disclosures of transactions by company insiders, providing transparency to investors about ownership changes. This specific filing indicates compensation in the form of stock units to a board member.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates