Ketter Joseph 4
Research Summary
AI-generated summary
SiteOne (SITE) EVP Joseph Ketter Receives 2,507 RSU Award
What Happened
- Joseph Ketter, Executive Vice President, Human Resources of SiteOne Landscape Supply, was granted 2,507 restricted stock units (RSUs) on February 4, 2026. The award is reported as a derivative grant (transaction code A) with a grant price of $0.00 (no cash exchanged). The RSUs convert into common shares on a one-for-one basis.
Key Details
- Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
- Grant: 2,507 RSUs at $0.00 (derivative award).
- Shares owned after transaction: Not specified in the filing.
- Footnote F1: RSUs convert into common stock 1:1.
- Footnote F2: Vesting/settlement in four equal annual installments beginning February 4, 2027, subject to continued employment.
- Exhibit/Remark: Exhibit 24 — Power of Attorney included.
Context
- RSUs are a compensation award, not an open-market purchase or sale. They typically vest over time and convert to actual shares only when vested/settled, so this grant represents future potential shares contingent on continued employment.
- Such awards are common for retention and compensation and should not be read as an immediate buy/sell signal.