Salmon Scott 4

What Happened
Scott Salmon, EVP, Strategy & Development at SiteOne (SITE), had 667 restricted stock units (RSUs) vest on February 5, 2026. The RSUs converted into 667 common shares; 241 of those shares were withheld to cover taxes at $148.03 per share (total ~$35,675), leaving a net of 426 shares added to his holding. This was a routine RSU vesting event rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: February 5, 2026; Form 4 filed February 9, 2026 (timely).
• Vesting/conversion reported as derivative exercise (code M): 667 RSUs → 667 shares.
• Tax withholding (code F): 241 shares withheld at $148.03/share, $35,675 total.
• Net shares received: 426 (667 vested − 241 withheld).
• Grant context: 2,668 RSUs were originally granted on February 5, 2025, vesting in four equal annual installments beginning Feb 5, 2026 (so this represents one annual installment).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, open-market sale, or late filing noted in the provided data.

Context
RSU vesting and share-withholding for taxes is a common, routine form of compensation-related insider activity and does not by itself indicate a buy or sell signal. The F code here reflects tax withholding via share surrender (a cashless withholding), not a voluntary sale intended as an investment move.