Salmon Scott 4

What Happened
Scott Salmon, Executive Vice President, Strategy & Development at SiteOne (SITE), had 278 restricted stock units (RSUs) convert into common shares on February 10, 2026. To satisfy tax withholding, 86 of those shares were withheld at $148.78 per share for a reported withholding value of $12,795. The vesting resulted in 278 shares issued before withholding, with 192 net shares delivered to Salmon after the tax share-withhold.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (timely filing).
• Conversion/derivative code (M): 278 RSUs converted into common stock.
• Tax withholding code (F): 86 shares withheld at $148.78/share for $12,795.
• Net shares issued to insider after withholding: 192 (278 converted − 86 withheld).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 confirms RSUs convert one-for-one into common stock. F2 notes the RSUs were from a Feb 10, 2022 grant of 1,114 RSUs vesting in four equal annual installments beginning Feb 10, 2023.
• No 10b5-1 plan or gift; this is a routine vesting event, not an open-market trade.

Context
This filing documents routine vesting of previously granted RSUs rather than an open-market purchase or planned sale. Withholding shares to cover taxes is common and does not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases or open-market insider buys tend to be more informative about sentiment than routine vesting and withholding events.