Form 4: SiteOne Landscape Supply Executive Scott Salmon Reports Stock Transactions
SEC Form 4 Filing
EVP Scott Salmon reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Scott Salmon, EVP of Strategy & Development at SiteOne Landscape Supply, reported transactions involving common stock and restricted stock units (RSUs).
- On February 7, 2025, 535 RSUs vested and were converted into common stock.
- Also on February 7, 2025, 231 shares were disposed of at a price of $133.13.
- On February 9, 2025, 362 RSUs vested and were converted into common stock.
- Also on February 9, 2025, 156 shares were disposed of at a price of $133.13.
- Following these transactions, Salmon directly owns 12,132 shares of common stock and 725 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The sale of shares often coincides with the vesting of RSUs to cover tax obligations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| February 9, 2023 | Reporting Person was granted 1,450 RSUs, vesting in four equal annual installments beginning on February 9, 2024. |
| February 7, 2024 | Reporting Person was granted 2,141 RSUs, vesting in four equal annual installments beginning on February 7, 2025. |
| February 7, 2025 | 535 RSUs vested and converted to common stock; 231 shares disposed of at $133.13. |
| February 9, 2025 | 362 RSUs vested and converted to common stock; 156 shares disposed of at $133.13. |
| February 11, 2025 | Date of Form 4 filing. |
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