Form 4: SiteOne Landscape Supply Executive Exercises Stock Options, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Briley Brisendine, EVP, General Counsel & Secretary of SiteOne Landscape Supply, Inc., reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 10, 2025, Briley Brisendine, EVP, General Counsel & Secretary of SiteOne Landscape Supply, Inc., vested 325 Restricted Stock Units (RSUs) which converted into common stock on a one-for-one basis.
- Following the vesting, Brisendine disposed of 139 shares of common stock at a price of $134.08 to satisfy tax obligations.
- After these transactions, Brisendine directly owns 10,996 shares of SiteOne Landscape Supply, Inc. common stock and 325 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Future Outlook
The reporting person's remaining RSUs will continue to vest in subsequent years, subject to continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
- Employees may view this as a typical example of how stock-based compensation works within the company.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Reporting Person was granted 1,300 RSUs, vesting in four equal annual installments beginning on February 10, 2023. |
| 02/10/2023 | First vesting date of RSUs granted on February 10, 2022. |
| 02/10/2025 | Vesting of 325 Restricted Stock Units and disposition of 139 shares to cover tax obligations. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, SiteOne Landscape Supply, Insider Trading, Briley Brisendine, Restricted Stock Units, Stock Options, Vesting, Tax Obligations, EVP, General Counsel & Secretary
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