Versaggi Shannon 4
Research Summary
AI-generated summary
SiteOne (SITE) EVP Shannon Versaggi Receives RSUs, Sells 262 Shares
What Happened
- Shannon Versaggi, EVP, Marketing, Category Management & Pricing at SiteOne (SITE), had 644 Restricted Stock Units (RSUs) vest on February 5, 2026. The RSUs converted one-for-one into 644 shares. To satisfy withholding taxes, 262 of those shares were disposed (sold) at $148.03 per share, generating $38,784. The filing shows a net retention of 382 shares from this vesting event.
- This was an RSU vesting with shares sold for tax withholding (routine administrative sale), not an open-market investment decision.
Key Details
- Transaction date: February 5, 2026; Form 4 filed February 9, 2026 (filing appears within the typical reporting window).
- Vesting/conversion: 644 RSUs converted into 644 shares (derivative conversion, code M).
- Tax withholding sale: 262 shares sold @ $148.03 for $38,784 (code F).
- Net shares retained from this vesting: 382 shares (644 vested − 262 withheld).
- Footnotes: The RSUs were part of a 2,576-RSU grant on February 5, 2025 that vests in four equal annual installments beginning February 5, 2026. RSUs convert to common stock one-for-one.
- Shares owned after transaction: not specified in this Form 4.
Context
- This is a standard RSU vesting with a sell-to-cover tax withholding; such disposals are routine and do not necessarily indicate the insider’s view on the stock. The conversion of RSUs into shares is recorded as a derivative conversion (M), and the withholding sale is recorded as an F (tax payment).