BLACK DOUG 4

What Happened

Doug Black, SiteOne Landscape Supply (SITE) CEO and director, reported gift transactions on 2026-02-13 transferring 10,000 shares to a family trust. The Form 4 shows two matching gift entries: 10,000 shares disposed (gift) at $0.00 and 10,000 shares acquired (gift) at $0.00, reflecting the transfer and the trust’s indirect ownership. The reported dollar value for the transfers is $0. This was a gift, not a purchase or sale, and does not necessarily signal a change in market sentiment.

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-17).
• Transaction type/code: Gift (G); price per share reported $0.00; total reported value $0.
• Entries: 10,000 shares disposed (gift) and 10,000 shares acquired (gift) — reflects transfer to a family trust.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 – transfer of 10,000 shares to a family trust; F2 – indirect ownership by a family trust for which the reporting person’s spouse is trustee.
• Timeliness: Filing dated Feb 17, 2026; appears timely within the required two business days (Feb 16, 2026 was a federal holiday).

Context

Gifts are non-market transactions and do not represent a direct buy or sell decision; they often reflect estate planning or family transfers. The filing’s paired dispose/acquire entries and footnotes indicate the shares were moved into a family trust controlled (as trustee) by the insider’s spouse, resulting in indirect trust ownership rather than an outright sale.