Ketter Joseph 4
Research Summary
AI-generated summary
SiteOne (SITE) EVP Joseph Ketter Receives RSUs; 223 Shares Withheld
What Happened
- Joseph Ketter, EVP, Human Resources at SiteOne (SITE), had 515 Restricted Stock Units (RSUs vest) convert into 515 shares on Feb 7, 2026. To satisfy tax withholding, 223 of those shares were withheld/sold at $150.01 per share for a total withholding of $33,452. The net shares delivered to Ketter were 292 shares (515 vested minus 223 withheld).
Key Details
- Transaction date: February 7, 2026; Form 4 filed February 10, 2026 (filed within the normal reporting window).
- Conversion: 515 RSUs converted into 515 common shares (reported as derivative exercise/conversion, code M).
- Tax withholding: 223 shares withheld/sold at $150.01 per share for $33,452 (code F).
- Net shares retained by insider: 292 shares delivered after withholding.
- Footnotes: F1 notes these are RSU vesting conversions (1:1 RSU→share). F2: original grant was 2,062 RSUs on Feb 7, 2024 vesting in four equal annual installments beginning Feb 7, 2025.
- No indication of a 10b5‑1 plan or late filing in the report.
Context
- This was a routine RSU vesting and tax-withholding transaction, not an open‑market purchase or voluntary sale intended as a market signal. The RSUs converted to common shares and some shares were withheld (a common cashless tax withholding practice).