Insider Activity Highlights a Quiet Yet Strategic Shift
SiteOne Landscape Supply’s latest form 4 filing on February 10, 2026 shows a modest buy of 72 shares by EVP, CFO and Assistant Secretary Elema Eric J, amid a day of relatively stable market conditions (closing at $163.25). The purchase, executed at the day’s close, represents a small fraction of his holdings (946 shares post‑transaction). While the trade itself is not material, it signals continued confidence from a senior executive who has been an active participant in the company’s equity program.
What the Pattern Means for Investors
Over the past month, Elema’s activity has been a mix of RSU vesting, large sell orders, and a few opportunistic buys. In early February, he sold 25 shares at $145.65 and later 29 shares at $150.01, totaling $9,245 in cash. These sales likely reflect routine portfolio rebalancing rather than a signal of declining belief in the company’s prospects. His RSU conversions, which add 2,340 shares in February, reinforce the long‑term alignment of his interests with those of the broader shareholder base. For investors, the net effect is a slight dilution of his stake, but his ongoing RSU vesting schedule suggests a commitment to SiteOne’s growth trajectory.
Broader Insider Activity Context
SiteOne’s other insiders—EVPs in HR, Strategy, and Marketing, as well as CEO Doug Black—have collectively completed 14 transactions in the same week, ranging from bulk purchases to sizable sales. The CEO’s buy of 1,579 shares at $148.78 and a concurrent sale of 702 shares illustrate a balanced approach to liquidity management. Across the board, the insiders are maintaining sizable long‑term positions, with the CEO’s post‑transaction holdings still near 493,000 shares. This pattern of disciplined equity management indicates that senior leadership is not seeking short‑term gains but is instead focused on sustaining ownership and signaling confidence to the market.
Profile of Elema Eric J
Elema Eric J, who serves as EVP, CFO and Assistant Secretary, has been a consistent participant in SiteOne’s equity program since at least late 2025. His transaction history shows a preference for RSU vesting—most recently converting 2,340 shares on February 4—and periodic cash sales when market conditions are favorable. The CFO’s buying behavior, coupled with his regular sales, aligns with a typical financial‑executive approach to managing personal wealth while maintaining a meaningful stake in the company. Historically, Elema’s trades have not moved the stock significantly; rather, they reflect routine vesting and liquidity needs. His current buy of 72 shares is in line with that pattern and does not suggest a sudden shift in outlook.
Implications for SiteOne’s Future
The combination of steady insider buying and controlled selling suggests that SiteOne’s leadership remains bullish on the company’s near‑term prospects, especially given recent earnings guidance pointing to a modest positive EBITDA for 2026. The CFO’s recent RSU conversions reinforce long‑term alignment, while the modest cash sales provide liquidity without materially diluting shares. For investors, the insider activity signals a balanced approach—executives are neither scrambling to unload shares nor aggressively accumulating positions. Instead, they are maintaining a disciplined stance that dovetails with the company’s reported margin expansion, acquisition strategy, and upgraded price target of $200. In short, insider trades today reinforce confidence in SiteOne’s strategic trajectory rather than raising red flags.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-02-10 | Elema Eric J (EVP, CFO and Assistant Sec.) | Buy | 72.00 | 0.00 | Common Stock |
| 2026-02-10 | Elema Eric J (EVP, CFO and Assistant Sec.) | Sell | 25.00 | 148.78 | Common Stock |
| 2026-02-10 | Elema Eric J (EVP, CFO and Assistant Sec.) | Sell | 72.00 | 0.00 | Restricted Stock Units |
| 2026-02-10 | Ketter Joseph (EVP, Human Resources) | Buy | 255.00 | 0.00 | Common Stock |
| 2026-02-10 | Ketter Joseph (EVP, Human Resources) | Sell | 130.00 | 148.78 | Common Stock |
| 2026-02-10 | Ketter Joseph (EVP, Human Resources) | Sell | 255.00 | 0.00 | Restricted Stock Units |
| 2026-02-10 | Salmon Scott (EVP, Strategy & Development) | Buy | 278.00 | 0.00 | Common Stock |
| 2026-02-10 | Salmon Scott (EVP, Strategy & Development) | Sell | 86.00 | 148.78 | Common Stock |
| 2026-02-10 | Salmon Scott (EVP, Strategy & Development) | Sell | 278.00 | 0.00 | Restricted Stock Units |
| 2026-02-10 | Versaggi Shannon (EVP Mktg, Cat. Mgmt. & Pricing) | Buy | 232.00 | 0.00 | Common Stock |
| 2026-02-10 | Versaggi Shannon (EVP Mktg, Cat. Mgmt. & Pricing) | Sell | 83.00 | 148.78 | Common Stock |
| 2026-02-10 | Versaggi Shannon (EVP Mktg, Cat. Mgmt. & Pricing) | Sell | 232.00 | 0.00 | Restricted Stock Units |
| 2026-02-10 | BLACK DOUG (CEO) | Buy | 1,579.00 | 0.00 | Common Stock |
| 2026-02-10 | BLACK DOUG (CEO) | Sell | 702.00 | 148.78 | Common Stock |
| N/A | BLACK DOUG (CEO) | Holding | 3,591.00 | N/A | Common Stock |
| N/A | BLACK DOUG (CEO) | Holding | 93,675.00 | N/A | Common Stock |
| 2026-02-10 | BLACK DOUG (CEO) | Sell | 1,579.00 | 0.00 | Restricted Stock Units |




