SiteOne (SITE) director granted 1,186 deferred stock units as board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Douglas William W III reported acquisition or exercise transactions in this Form 4 filing.
SiteOne Landscape Supply director Douglas William W III received a grant of 1,186 deferred stock units as director fees on common stock. These units vest in full upon the earlier of the day before the company’s next annual stockholder meeting or the first anniversary of May 13, 2026. Settlement is deferred until he leaves the board or there is a change in control. Following this award, he directly holds 19,120 shares and units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Douglas William W III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,186 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,120 shares (Direct, null)
Footnotes (1)
- Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 13, 2026. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company. Includes deferred stock units.
Key Figures
Deferred stock units granted: 1,186 units
Total holdings after grant: 19,120 shares/units
Vesting condition: Earlier of next annual meeting eve or 1-year from May 13, 2026
+1 more
4 metrics
Deferred stock units granted
1,186 units
Director fees grant on Common Stock
Total holdings after grant
19,120 shares/units
Direct ownership following transaction
Vesting condition
Earlier of next annual meeting eve or 1-year from May 13, 2026
Full vesting trigger for deferred stock units
Settlement trigger
Board service termination or change in control
Timing of share settlement for deferred stock units
Key Terms
deferred stock units, annual meeting of stockholders, change in control
3 terms
deferred stock units financial
"Represents deferred stock units granted as director fees."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
annual meeting of stockholders financial
"vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders"
change in control financial
"Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What did SiteOne (SITE) director Douglas William W III receive in this Form 4?
He received a grant of 1,186 deferred stock units as director fees. These units are tied to SiteOne common stock and increase his total direct holdings to 19,120 shares and units combined after the award.
How and when do the new deferred stock units for SITE vest?
The 1,186 deferred stock units vest in full at a single time. Vesting occurs on the earlier of the day before SiteOne’s next annual stockholder meeting or the first anniversary of May 13, 2026, according to the filing footnote.
Is this SiteOne (SITE) Form 4 an open-market purchase or a compensation grant?
This Form 4 reflects a compensation-related grant, not an open-market trade. The 1,186 units are identified as deferred stock units granted as director fees, with a transaction code A for grant or award acquisition.