Versaggi Shannon 4
Research Summary
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SiteOne (SITE) EVP Shannon Versaggi Receives RSU Vesting
What Happened Shannon Versaggi, EVP of Marketing, Category Management & Pricing at SiteOne (SITE), had 232 restricted stock units (RSUs vest) on Feb 10, 2026. The RSUs converted one-for-one into common shares; 83 of those shares were withheld to cover tax withholding at $148.78 per share (total withheld value $12,349), leaving a net 149 shares delivered to the reporting person. The filing also shows the derivative interest (the RSUs) was extinguished upon conversion.
Key Details
- Transaction date: February 10, 2026; Form 4 filed Feb 12, 2026 (timely).
- Vesting/conversion: 232 RSUs converted into 232 common shares (transaction code M).
- Tax withholding: 83 shares withheld at $148.78/share for taxes, value $12,349 (transaction code F).
- Net shares received by insider: 232 − 83 = 149 shares.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 notes RSUs convert 1:1 into common stock; F2 notes the RSUs were originally granted on Feb 10, 2022 (929 RSUs total) and vest in four equal annual installments beginning Feb 10, 2023.
Context This was routine RSU vesting and a tax-withholding disposition, not an open-market purchase or sale. Such withholding is a common administrative step and does not by itself indicate the insider is buying or selling shares on the market.