secwatch.observer — SEC 8-K summary
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Issuer:     SiteOne Landscape Supply, Inc. (SITE)
CIK:        0001650729
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-020840
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiteOne grants PSUs to executives; CEO Black receives 8,034 target units
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- CEO Doug Black awarded 8,034 PSUs; other NEOs receive 1,339 to 1,673 PSUs each.
- PSUs vest based on 3-year cumulative EBTA growth relative to peer group (Threshold 25th percentile, Target 50th, Max 200% at 75th).
- A ROIC modifier can adjust earned PSUs by +/-20% depending on average ROIC over cycle.
- Payout capped at 200% of target; absolute negative EBTA growth caps payout at 100%.
- Performance cycle runs Jan 2, 2023 to Dec 28, 2025; vesting subject to continued employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923020840/0001104659-23-020840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1650729/000110465923020840/tm236661d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-020840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer