Form 4: SiteOne Landscape Supply EVP Executes Pre-Planned Stock Option Exercise and Share Sale
Insider Transaction Report
Joseph Ketter, Executive Vice President of Human Resources at SiteOne Landscape Supply, Inc., completed a pre-arranged transaction on July 1, 2025, involving the exercise of stock options and the subsequent sale of common stock under a Rule 10b5-1 plan.
Summary
- Joseph Ketter, EVP, Human Resources of SiteOne Landscape Supply, Inc. (SITE), engaged in transactions on July 1, 2025.
- Ketter acquired 39,640 shares of common stock by exercising stock options at a price of $12.84 per share.
- Concurrently, Ketter sold 39,640 shares of common stock at a weighted average price of $126.28 per share. The sales prices ranged from $120.51 to $129.75.
- These sales were executed pursuant to a Rule 10b5-1 sales plan established on November 27, 2024.
- Following these transactions, Ketter directly beneficially owns 13,663 shares of common stock and no derivative securities.
- The exercised options were part of a grant of 58,090 options on July 27, 2015, which vested ratably over four years, with the 39,640 options exercised being previously vested and set to expire on July 27, 2025.
Sentiment
Score: 5
Explanation: A Form 4 filing is a factual disclosure of insider trading activity, typically neutral in sentiment. The transactions were pre-planned under a 10b5-1 plan, which mitigates any immediate negative interpretation of insider selling.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The sale of shares by a key executive, even under a 10b5-1 plan, could be interpreted by some shareholders as a monetization event for the executive, reflecting personal financial planning rather than a change in company outlook.
Key Dates
| Date | Description |
|---|---|
| 2015-07-27 | Date 58,090 stock options were granted to Joseph Ketter, vesting ratably over four installments. |
| 2024-11-27 | Date Joseph Ketter adopted the Rule 10b5-1 sales plan. |
| 2025-07-01 | Date of earliest transaction, involving the exercise of stock options and subsequent sale of common stock. |
| 2025-07-03 | Date the Form 4 was signed by John Guthrie, attorney-in-fact for Joseph Ketter. |
| 2025-07-27 | Expiration date of the stock options exercised by Joseph Ketter. |
Keywords
SiteOne Landscape Supply, SITE, Joseph Ketter, Insider Trading, Form 4, Stock Options, 10b5-1 Plan, Share Sale, Executive Compensation, SEC Filing
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