Doug Black reports 93,675-share transfer to spousal trust at SITE
Rhea-AI Filing Summary
Doug Black, CEO and Director of SiteOne Landscape Supply, Inc. (SITE), reported a transfer on 08/29/2025 of 93,675 shares of common stock to a spousal lifetime access trust (the "SLAT") for no consideration. The filing shows 496,771 shares reported as beneficially owned following the transaction and discloses that the Reporting Person's spouse is the SLAT trustee while the spouse and descendants are beneficiaries. The Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest. The Form 4 was signed by an attorney-in-fact on 09/03/2025.
Positive
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Insights
TL;DR: A non-sale transfer of 93,675 SITE shares to a spousal trust was reported; disclosure focuses on ownership and disclaimer of beneficial ownership.
The Form 4 documents a transfer coded as "G" (a gift or similar transfer) of 93,675 shares to a spousal lifetime access trust (SLAT) with no cash consideration. Post-transaction holdings are reported as 496,771 shares. The filing includes the standard disclaimer that the reporting person disclaims beneficial ownership except for pecuniary interest. This is a non-market transaction and does not show any sale proceeds or derivative activity.
TL;DR: Insider executed an estate-planning transfer to a SLAT; disclosure and signature are in line with Section 16 reporting requirements.
The disclosure identifies the reporting person as both CEO and Director and specifies the SLAT structure (spouse as trustee; spouse and descendants as beneficiaries). The Form 4 includes the required explanatory footnotes and attorney-in-fact signature. There is no indication of a change in control or any related-party transaction beyond the trust transfer; the filing meets routine Section 16 transparency standards.