Form 4: SiteOne Landscape Supply EVP, CFO John Guthrie Reports Stock Transactions
SEC Form 4
John Guthrie, EVP, CFO and Assistant Secretary of SiteOne Landscape Supply, Inc., reports the vesting and subsequent sale of restricted stock units.
Summary
- On February 7, 2025, John Guthrie vested 615 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Following the vesting, Mr. Guthrie disposed of 526 shares of common stock at a price of $133.13 to cover tax obligations.
- On February 9, 2025, Mr. Guthrie vested 419 RSUs which converted into common stock on a one-for-one basis.
- Following the vesting, Mr. Guthrie disposed of 358 shares of common stock at a price of $133.13 to cover tax obligations.
- After these transactions, Mr. Guthrie directly owns 15,902 shares of SiteOne Landscape Supply, Inc. common stock and 836 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.
Industry Context
This is a routine filing related to executive compensation and stock ownership. It is common for executives to receive stock-based compensation and periodically sell shares to manage their personal finances and tax obligations.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and amounts are typical for executives at publicly traded companies of similar size and scope to SiteOne Landscape Supply.
- Companies like Home Depot and Lowe's also utilize stock-based compensation for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
- The vesting of RSUs aligns executive compensation with company performance, which can indirectly benefit shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Reporting Person was granted 1,673 RSUs, vesting in four equal annual installments beginning on February 9, 2024. |
| 02/07/2024 | Reporting Person was granted 2,459 RSUs, vesting in four equal annual installments beginning on February 7, 2025. |
| 02/07/2025 | Vesting of 615 Restricted Stock Units and sale of 526 shares. |
| 02/09/2025 | Vesting of 419 Restricted Stock Units and sale of 358 shares. |
| 02/11/2025 | Date of Form 4 filing. |
Keywords
Form 4, SiteOne Landscape Supply, SITE, John Guthrie, Restricted Stock Units, RSUs, Vesting, Stock Sale, EVP, CFO, Officer, Insider Trading
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