Elema Eric J 4

What Happened

• Eric J. Elema, EVP, Chief Financial Officer and Assistant Secretary of SiteOne (SITE), had 167 restricted stock units (RSUs) convert into 167 shares on Feb 5, 2026. To satisfy tax withholding, 46 of those shares were surrendered at an indicated value of $148.03 per share, totaling $6,809. The transaction resulted in a net retention of 121 shares from this vesting event.
• These entries on the Form 4 reflect an award vesting and tax withholding—not an open-market buy or discretionary sale.

Key Details

• Transaction date: February 5, 2026 (reported Feb 9, 2026 — timely filing).
• RSUs converted to common stock: 167 shares (transaction code M for conversion/exercise of derivative).
• Tax withholding: 46 shares surrendered at $148.03 per share, total $6,809 (transaction code F).
• Net shares retained from this vesting: 121 shares (167 vested − 46 withheld).
• Footnotes: RSUs convert one-for-one into common stock (F1). The grant was 669 RSUs awarded on Feb 5, 2025 vesting in four equal annual installments beginning Feb 5, 2026 (F2).
• The Form shows a derivative disposal entry at $0, which reflects settlement of the RSU award into shares (standard reporting mechanics).

Context

• RSU vesting is an award converting to shares; the withholding of shares to cover taxes is routine and does not necessarily indicate a view on the stock. This was not an open-market sale or purchase — it was compensation vesting and tax withholding.
• For retail investors, purchases by insiders are often more informative as a bullish signal. Vesting events primarily reflect compensation schedules.