Ketter Joseph 4

What Happened

• Joseph Ketter, Executive Vice President, Human Resources at SiteOne (SITE), had restricted stock units (RSUs) vest on February 9, 2026. 334 RSUs converted into 334 shares of common stock.
• To satisfy tax withholding on the vesting, 144 of those shares were withheld/disposed at a reported per-share value of $145.65, producing proceeds of $20,974. The filing records conversion/exercise of the derivative RSUs (code M) and share withholding for taxes (code F).

Key Details

• Transaction date: February 9, 2026; Form filed February 11, 2026 (appears timely).
• Vesting: 334 RSUs converted 1-for-1 into 334 shares (reported as derivative conversion, code M).
• Tax withholding: 144 shares withheld/disposed at $145.65 per share for total proceeds of $20,974 (code F).
• Footnotes: RSUs convert into common stock 1-for-1 (F1). The RSUs stem from a Feb 9, 2023 grant of 1,339 RSUs vesting in four equal annual installments beginning Feb 9, 2024 (F2) — consistent with ~334 shares vested now.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to cover tax liabilities.

Context

• This was a routine RSU vesting event, not an open-market purchase or discretionary sale by the insider. The 144-share disposition reflects tax withholding rather than a cash sale signaling sentiment.
• For retail investors: RSU vesting and corresponding tax-withholdings are common and typically do not indicate a change in the insider’s view of the company.