Form 4: Salmon Scott reports multiple insider transactions in SITE
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salmon Scott reported multiple insider transaction types in a Form 4 filing for SITE. The filing lists transactions totaling 838 shares at a weighted average price of $145.65 per share. Following the reported transactions, holdings were 13,625 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
363 shares exercised/converted
Mixed
3 txns
Insider
Salmon Scott
Role
EVP, Strategy & Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 363 | $0.00 | -- |
| Exercise | Common Stock | 363 | $0.00 | -- |
| Tax Withholding | Common Stock | 112 | $145.65 | $16K |
Holdings After Transaction:
Restricted Stock Units — 362 shares (Direct);
Common Stock — 13,625 shares (Direct)
Footnotes (1)
- Filed to report vesting of Restricted Stock Units ("RSUs"). RSUs convert into common stock on a one-for-one basis. On February 9, 2023, the Reporting Person was granted 1,450 RSUs, vesting in four equal annual installments beginning on February 9, 2024, subject to the Reporting Person's continued employment.
FAQ
What insider transactions did SITE executive Scott Salmon report on February 9, 2026?
Scott Salmon reported 363 restricted stock units converting into 363 common shares, plus a 112-share tax-withholding disposition. These transactions stem from a prior equity award and reflect scheduled vesting and related tax coverage, not an open-market stock purchase or sale.
What triggered the vesting of Scott Salmon’s SiteOne (SITE) restricted stock units?
The vesting comes from a 1,450 restricted stock unit grant made on February 9, 2023, vesting in four equal annual installments starting February 9, 2024. Continued employment is required, and 363 units vested and converted into common stock on February 9, 2026.
What does the F transaction code mean in Scott Salmon’s SiteOne (SITE) Form 4?
The F code indicates payment of tax liability by delivering securities. In this case, 112 SiteOne common shares were withheld at $145.65 per share to satisfy taxes related to the vested restricted stock units, instead of a separate cash payment.
How do Scott Salmon’s RSUs convert into SiteOne (SITE) common stock?
The restricted stock units convert into SiteOne common stock on a one-for-one basis when they vest. On February 9, 2026, 363 RSUs vested and converted into 363 common shares, consistent with the original 1,450-unit award’s four-year vesting schedule.