Form 4: SiteOne Landscape Supply Executive Acquires Restricted Stock Units

Scott Salmon, EVP of Strategy & Development at SiteOne Landscape Supply, was granted 2,668 Restricted Stock Units (RSUs) that will vest in equal annual installments starting February 5, 2026.

Summary

• Scott Salmon, an executive at SiteOne Landscape Supply, received 2,668 Restricted Stock Units (RSUs) on February 5, 2025.
• These RSUs will 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 beginning on February 5, 2026, contingent upon continued employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance. It also incentivizes the executive to remain with the company.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• Vesting is tied to continued employment, incentivizing long-term commitment.

Risks

• The value of the RSUs is dependent on the future performance of SiteOne's stock.
• Failure to maintain employment would result in forfeiture of unvested RSUs.

Future Outlook

The executive will receive shares of common stock over the next four years, contingent on continued employment.

Industry Context

Granting stock-based compensation is a common practice in publicly traded companies to align executive incentives with shareholder value and retain key personnel.

Comparison to Industry Standards

• Equity compensation practices vary across the industry, but RSUs are a standard tool for aligning executive incentives with long-term shareholder value.
• Comparable companies in the landscape supply or distribution industries also use RSUs as part of their compensation packages.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with long-term company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Next Steps

• The executive will receive shares of common stock annually as the RSUs vest, contingent on continued employment.
• The executive will likely report any subsequent transactions involving these shares in future SEC filings.

Key Dates