Versaggi Shannon 4
Research Summary
AI-generated summary
SiteOne (SITE) EVP Shannon Versaggi Receives RSU Award
What Happened
- Shannon Versaggi, Executive Vice President — Marketing, Category Management & Pricing at SiteOne (SITE), was granted 2,841 restricted stock units (RSUs) on Feb 4, 2026. The RSUs were awarded at $0.00 per share (derivative award) and do not represent currently vested common shares.
- This is an equity award (compensation), not an open-market purchase or sale, so it represents future potential ownership subject to vesting rather than an immediate investment by the insider.
Key Details
- Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
- Award: 2,841 RSUs; reported price $0.00 (derivative grant, code A).
- Vesting: RSUs convert 1-for-1 into common stock and will vest/settle in four equal annual installments beginning Feb 4, 2027, subject to continued employment (Footnotes F1, F2).
- Shares owned after transaction: not specified in the provided summary—see the full Form 4 for total holdings.
- Remarks: Exhibit 24 (Power of Attorney) included.
Context
- RSU grants are common executive compensation and do not indicate an immediate buy or sell by the insider; value is realized over time as units vest and convert to shares.
- Because these are unvested derivative awards, they should be treated differently from open-market purchases when assessing insider sentiment.
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