Drake Larisa 4

What Happened

• Larisa Drake, a non-employee director of SiteOne Landscape Supply (SITE), had 1,125 restricted stock units (RSUs vest) reported on May 12, 2026 (recorded as a conversion/exercise of a derivative). The same 1,125 shares are recorded as disposed at $0.00 (derivative). On May 13, 2026 she was reported as receiving a new grant of 1,186 RSUs. The filings indicate the RSUs convert into common stock on a one-for-one basis; no cash value was reported for these entries.

Key Details

• Transaction dates: May 12, 2026 (vesting/conversion and $0.00 disposition of 1,125 shares), May 13, 2026 (grant of 1,186 RSUs).
• Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs); A = grant/award (new RSU grant).
• Prices/values: all entries reported at $0.00 (RSUs typically reported at $0 when granted/converted); no cash proceeds shown.
• Footnotes: F1/F3 — these report vesting of RSUs that convert one-for-one into common stock. F2/F4 — describe grant dates and typical vesting schedule (vesting/settlement upon earlier of the day before the next annual meeting or first anniversary, subject to continued service).
• Shares owned after transaction: not specified in the provided Form 4 data.
• Filing: Form 4 filed May 14, 2026 reporting transactions on May 12–13, 2026 (appears timely under standard 2-business-day filing rules).

Context

• The conversion entries represent RSU vesting/settlement (derivative conversion to common shares). The $0.00 disposal line commonly reflects shares surrendered/withheld at vesting for tax or withholding purposes, though the filing’s footnotes do not explicitly state the reason.
• New RSU grants to non-employee directors are routine compensation and do not by themselves indicate buying or selling intent in the market.