Form 4: SiteOne Landscape Supply Executive Acquires Restricted Stock Units

Shannon Versaggi, EVP at SiteOne Landscape Supply, reports acquisition of restricted stock units convertible to common stock.

Summary

• On February 5, 2025, Shannon Versaggi, EVP of Marketing, Category Management, and Pricing at SiteOne Landscape Supply, acquired 2,576 Restricted Stock Units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will vest and settle into shares of common stock in four equal annual installments starting February 5, 2026, contingent upon continued employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with company performance.

Positives

• The acquisition of RSUs by a key executive signals confidence in the company's future performance.

Risks

• The vesting of RSUs is contingent upon continued employment, creating a potential risk if the executive leaves the company before full vesting.

Future Outlook

The executive's continued employment is tied to the vesting schedule, aligning their interests with the company's long-term success.

Industry Context

Form 4 filings are standard practice and provide transparency into executive compensation and stock ownership, which is common across publicly traded companies.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to drive company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Next Steps

• Continued monitoring of executive stock ownership and vesting schedules.

Key Dates