Form 4: SiteOne Landscape Supply Executive Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
EVP, General Counsel & Secretary of SiteOne Landscape Supply, Briley Brisendine, reports the vesting of restricted stock units and subsequent disposal of shares to cover tax obligations.
Summary
- On February 11, 2025, Briley Brisendine, EVP, General Counsel & Secretary of SiteOne Landscape Supply, exercised restricted stock units (RSUs) converting into 313 shares of common stock.
- Following the exercise, 134 shares were disposed of at a price of $133.16 to satisfy tax obligations.
- After these transactions, Brisendine directly owns 11,175 shares of SiteOne Landscape Supply common stock.
- The RSUs were granted on February 11, 2021, and vest in four equal annual installments starting February 11, 2022, contingent upon continued employment.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of insider transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into insider transactions.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/11/2021 | Reporting Person was granted 1,253 RSUs, vesting in four equal annual installments beginning on February 11, 2022. |
| 02/11/2022 | First vesting date of RSUs granted on February 11, 2021. |
| 02/11/2025 | Restricted Stock Units vested and shares were disposed of. |
| 02/13/2025 | Date of signature on the Form 4 filing. |
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