Elema Eric J 4

What Happened
Eric J. Elema, Executive VP, CFO and Assistant Secretary of SiteOne Landscape Supply (SITE), had 90 restricted stock units (RSUs) vest on February 9, 2026. The RSUs converted into 90 shares of common stock; 25 of those shares were withheld to cover tax withholding at $145.65 per share for a total withholding of $3,641, leaving 65 net shares issued to him. The filing reports the RSU-to-stock conversion (derivative conversion) and the tax withholding, not an open-market sale.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (appears timely).
• Conversion: 90 RSUs vested and converted into 90 common shares (transaction code M = exercise/conversion of derivative).
• Tax withholding: 25 shares withheld (code F) at $145.65/share, total $3,641. Net shares delivered: 65.
• Footnotes: These RSUs were part of a 363-RSU grant on Feb 9, 2023 that vests in four equal annual installments starting Feb 9, 2024. RSUs convert one-for-one into common stock.
• Shares owned after transaction: not stated in the filing.

Context
This was a routine vesting of previously granted RSUs with shares withheld to satisfy tax obligations (a common cashless/withholding action), not a discretionary open-market sale or purchase. Code explanations: M = conversion/exercise of a derivative (here, RSUs converting to common stock); F = payment of exercise price or tax liability (here, tax withholding in shares). Such vesting events are typically compensation-related and do not necessarily indicate a change in the insider’s view of the company.