Isbell Jeri L 4
Research Summary
AI-generated summary
SiteOne (SITE) Director Jeri Isbell Receives RSU Award (878 Shares)
What Happened
Jeri L. Isbell, a non-employee director of SiteOne Landscape Supply, had 878 restricted stock units (RSUs settleable one-for-one) convert into 878 shares of common stock on May 1, 2026. The Form 4 shows the derivative conversion/settlement (reported as an acquisition) and a corresponding reporting line for the derivative instrument (reported at $0.00). No cash sale or purchase occurred and no cash proceeds are reported.
Key Details
- Transaction date: May 1, 2026 (reported on Form 4 filed May 5, 2026). Filing appears timely under the Form 4 reporting window.
- Shares involved: 878 RSUs converted into 878 common shares. Report lists acquisition of 878 shares and a derivative disposition of 878 units.
- Price/value: No cash price or proceeds reported (conversion/settlement, reported at $0.00 for the derivative line). Market value not stated in the filing.
- Shares owned after transaction: Not specified in the provided extract of the filing.
- Footnotes: F1 confirms this reports settlement of RSUs that convert one-for-one into common stock. F2 notes the RSUs were granted May 11, 2023 and vested/settled on May 1, 2026, subject to continued service as a director.
- Exhibits: Exhibit 24 (Power of Attorney) is included.
Context
This was a settlement of previously granted RSUs (an award vesting event), not an open-market purchase or a sale. Such conversions reflect compensation vesting for service and do not by themselves indicate a buy or sell decision by the insider.