Salmon Scott 4

What Happened
Scott Salmon, EVP, Strategy & Development at SiteOne (SITE), had 536 restricted stock units (RSUs vest) on February 7, 2026. The RSUs converted into 536 common shares on a one-for-one basis. To satisfy tax withholding, 175 of those shares were surrendered at a reported value of $150.01 per share (approximately $26,252), leaving a net 361 shares issued to Salmon.

Key Details

• Transaction date: February 7, 2026; Form 4 filed February 10, 2026 (filed within the typical two-business-day window).
• Conversion: 536 RSUs converted to 536 common shares (reported as derivative conversion, code M).
• Tax withholding: 175 shares withheld/disposed to cover taxes at $150.01/share for a reported value of $26,252 (code F).
• Net shares received: 361 common shares.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 confirms these were RSUs converting 1:1 to common stock. F2 notes the RSUs were part of a 2,141-RSU grant on Feb 7, 2024 vesting in four equal annual installments (this appears to be one installment).

Context
This was a routine RSU vesting event (an award converting to stock) rather than an open-market purchase or sale. The tax withholding was done via share surrender (common cashless-withholding method). Such vesting/withholding transactions are standard compensation mechanics and do not necessarily signal the insider’s view on the company’s stock.