v3.26.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 28, 2025
Dec. 29, 2024
Dec. 31, 2023
Jan. 01, 2023
Jan. 02, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (“CAP”) and certain financial performance of the Company. The Human Resources & Compensation Committee does not utilize CAP as the basis for making compensation decisions. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis” beginning on page 31. Because CAP includes multiple years of grants, the calculation of CAP each year is heavily impacted by the change in Company stock price and, therefore, may be higher or lower than the values shown in the “Summary Compensation Table” on page 45.
Year
Summary
Compensation
Table for CEO
($)(1)
Compensation
Actually
Paid to CEO
($)(2)
Average
Summary
Compensation
Table Total for
Non-CEO NEOs
($)(3)
Average
Compensation
Actually Paid to
Non-CEO NEOs
$)(2)
Value of Fixed $100
Investment Based On:
Net Income
Attributable
to SiteOne
(in millions)
($)(6)
Adjusted
EBITDA
(in millions)
($)(7)
Total
Shareholder
Return
($)(4)
Peer Group
Total
Shareholder
Return
($)(5)
2025 6,177,856 4,664,073 1,484,917 1,220,864 80.19 223.45 151.8 414.2
2024 5,098,557 2,845,177 1,277,865 865,664 84.29 196.52 123.6 378.2
2023 5,430,348 10,254,450 1,365,319 2,265,867 102.44 172.08 173.4 410.7
2022 5,474,181 (7,208,968) 1,383,791 (1,091,239) 73.96 115.98 245.4 464.3
2021 6,048,793 17,892,904 1,489,575 3,737,437 152.73 133.61 238.4 415.1
(1)
Mr. Black was the CEO for each of 2025, 2024, 2023, 2022 and 2021.
(2)
Reflects the amount of “compensation actually paid,” as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following tables set forth the adjustments that were made to our NEOs’ total compensation in the Summary Compensation Table for each year to determine CAP. The Company does not have a defined benefit pension plan or pay dividends, so no pension or dividend adjustments were made.
CEO Adjustments(a)(b)
2025
($)
2024
($)
2023
($)
2022
($)
2021
($)
Summary Compensation Table Total 6,177,856 5,098,557 5,430,348 5,474,181 6,048,793
Deduct Equity Awards included in Summary Compensation Table
(4,199,864) (3,899,858) (3,618,677) (3,424,675) (2,997,491)
Add Fair Value of Awards Granted in Current Year and
Outstanding and Unvested at Year-End
3,933,333 3,309,322 3,976,083 2,294,950 5,505,353
Add Change in Fair Value of Awards Granted in Prior Year and Outstanding and Unvested at Year-End
(329,246) (1,395,968) 1,595,317 (7,411,707) 7,944,354
Add Change in Fair Value of Awards Granted in Prior Year that Vested during Year
(918,006) (266,876) 2,871,379 (4,141,717) 1,391,895
Total CAP 4,664,073 2,845,177 10,254,450 (7,208,968) 17,892,904
Non-CEO Adjustments(a)(b)
2025
($)
2024
($)
2023
($)
2022
($)
2021
($)
Summary Compensation Table Total 1,484,917 1,277,865 1,365,319 1,383,791 1,489,575
Deduct Equity Awards included in Summary Compensation
Table
(737,285) (718,598) (690,865) (641,866) (584,358)
Add Fair Value of Awards Granted in Current Year and Outstanding and Unvested at Year-End
690,496 609,784 759,101 430,132 1,043,847
Add Change in Fair Value of Awards Granted in Prior Year
and Outstanding and Unvested at Year-End
(58,274) (262,253) 299,085 (1,485,813) 1,500,370
Add Change in Fair Value of Awards Granted in Prior Year
that Vested during Year
(158,990) (41,134) 533,227 (777,483) 288,003
Total CAP 1,220,864 865,664 2,265,867 (1,091,239) 3,737,437
(a)
The valuation assumptions used to calculate fair values of equity awards did not materially differ from those disclosed at the time of grant. Refer to the “Option Exercises and Stock Vested in 2025 Fiscal Year” table on page 48 for discussion of the valuation assumptions used for equity awards on vesting date.
(b)
PSUs that settled in 2025 resulted in a payout of 0% of target, PSUs that settled in 2024 resulted in a payout of 111.6% of target and PSUs that settled in 2023 and 2022 each resulted in a payout of 200% of target, computed in accordance with FASB ASC Topic 718. Refer to “Performance Stock Units” on page 41 for the value of PSUs settled in 2025 and discussion of the performance criteria used for PSUs.
(3)
For 2025, the other NEOs were Messrs. Guthrie, Salmon, and Ketter and Ms. Versaggi. For 2024, the other NEOs were Messrs. Guthrie, Brisendine and Salmon and Ms. Versaggi. For 2023 and 2022, the other NEOs were Messrs. Guthrie, Brisendine, Salmon and Ketter. For 2021, the other NEOs were Messrs. Guthrie, Brisendine, Salmon, Ketter and Greg Weller, our former Executive Vice President, Operations.
(4)
Total Shareholder Return (“TSR”) is cumulative for the measurement period beginning on December 31, 2020 and ending on
December 31, 2021, December 30, 2022, December 29, 2023, December 27, 2024, and December 26, 2025 (which are the last trading days of each fiscal year), calculated in accordance with Item 201(e) of Regulation S-K.
(5)
The TSR peer group consists of the Dow Jones US Industrial Suppliers Index, which is used by the Company for purposes of compliance with Item 201(e) of Regulation S-K.
(6)
Reflects Net Income Attributable to SiteOne as shown in the Company’s Annual Report on Form 10-K for 2025, 2024, 2023, 2022 and 2021.
(7)
We determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure used by the Company to link CAP to the Company’s NEOs to Company performance for the most recently completed fiscal year. Adjusted EBITDA is a non-GAAP financial measure. See Appendix A to this Proxy Statement for a reconciliation of Adjusted EBITDA to Net income (loss), the corresponding GAAP financial measure.
       
Company Selected Measure Name AdjustedEBITDA        
Named Executive Officers, Footnote
(1)
Mr. Black was the CEO for each of 2025, 2024, 2023, 2022 and 2021.
(3)
For 2025, the other NEOs were Messrs. Guthrie, Salmon, and Ketter and Ms. Versaggi. For 2024, the other NEOs were Messrs. Guthrie, Brisendine and Salmon and Ms. Versaggi. For 2023 and 2022, the other NEOs were Messrs. Guthrie, Brisendine, Salmon and Ketter. For 2021, the other NEOs were Messrs. Guthrie, Brisendine, Salmon, Ketter and Greg Weller, our former Executive Vice President, Operations.
       
Peer Group Issuers, Footnote
(5)
The TSR peer group consists of the Dow Jones US Industrial Suppliers Index, which is used by the Company for purposes of compliance with Item 201(e) of Regulation S-K
       
PEO Total Compensation Amount $ 6,177,856 $ 5,098,557 $ 5,430,348 $ 5,474,181 $ 6,048,793
PEO Actually Paid Compensation Amount $ 4,664,073 2,845,177 10,254,450 (7,208,968) 17,892,904
Adjustment To PEO Compensation, Footnote
(2)
Reflects the amount of “compensation actually paid,” as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following tables set forth the adjustments that were made to our NEOs’ total compensation in the Summary Compensation Table for each year to determine CAP. The Company does not have a defined benefit pension plan or pay dividends, so no pension or dividend adjustments were made.
CEO Adjustments(a)(b)
2025
($)
2024
($)
2023
($)
2022
($)
2021
($)
Summary Compensation Table Total 6,177,856 5,098,557 5,430,348 5,474,181 6,048,793
Deduct Equity Awards included in Summary Compensation Table
(4,199,864) (3,899,858) (3,618,677) (3,424,675) (2,997,491)
Add Fair Value of Awards Granted in Current Year and
Outstanding and Unvested at Year-End
3,933,333 3,309,322 3,976,083 2,294,950 5,505,353
Add Change in Fair Value of Awards Granted in Prior Year and Outstanding and Unvested at Year-End
(329,246) (1,395,968) 1,595,317 (7,411,707) 7,944,354
Add Change in Fair Value of Awards Granted in Prior Year that Vested during Year
(918,006) (266,876) 2,871,379 (4,141,717) 1,391,895
Total CAP 4,664,073 2,845,177 10,254,450 (7,208,968) 17,892,904
(a)
The valuation assumptions used to calculate fair values of equity awards did not materially differ from those disclosed at the time of grant. Refer to the “Option Exercises and Stock Vested in 2025 Fiscal Year” table on page 48 for discussion of the valuation assumptions used for equity awards on vesting date.
(b)
PSUs that settled in 2025 resulted in a payout of 0% of target, PSUs that settled in 2024 resulted in a payout of 111.6% of target and PSUs that settled in 2023 and 2022 each resulted in a payout of 200% of target, computed in accordance with FASB ASC Topic 718. Refer to “Performance Stock Units” on page 41 for the value of PSUs settled in 2025 and discussion of the performance criteria used for PSUs.
       
Non-PEO NEO Average Total Compensation Amount $ 1,484,917 1,277,865 1,365,319 1,383,791 1,489,575
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,220,864 865,664 2,265,867 (1,091,239) 3,737,437
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Reflects the amount of “compensation actually paid,” as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following tables set forth the adjustments that were made to our NEOs’ total compensation in the Summary Compensation Table for each year to determine CAP. The Company does not have a defined benefit pension plan or pay dividends, so no pension or dividend adjustments were made.
Non-CEO Adjustments(a)(b)
2025
($)
2024
($)
2023
($)
2022
($)
2021
($)
Summary Compensation Table Total 1,484,917 1,277,865 1,365,319 1,383,791 1,489,575
Deduct Equity Awards included in Summary Compensation
Table
(737,285) (718,598) (690,865) (641,866) (584,358)
Add Fair Value of Awards Granted in Current Year and Outstanding and Unvested at Year-End
690,496 609,784 759,101 430,132 1,043,847
Add Change in Fair Value of Awards Granted in Prior Year
and Outstanding and Unvested at Year-End
(58,274) (262,253) 299,085 (1,485,813) 1,500,370
Add Change in Fair Value of Awards Granted in Prior Year
that Vested during Year
(158,990) (41,134) 533,227 (777,483) 288,003
Total CAP 1,220,864 865,664 2,265,867 (1,091,239) 3,737,437
(a)
The valuation assumptions used to calculate fair values of equity awards did not materially differ from those disclosed at the time of grant. Refer to the “Option Exercises and Stock Vested in 2025 Fiscal Year” table on page 48 for discussion of the valuation assumptions used for equity awards on vesting date.
(b)
PSUs that settled in 2025 resulted in a payout of 0% of target, PSUs that settled in 2024 resulted in a payout of 111.6% of target and PSUs that settled in 2023 and 2022 each resulted in a payout of 200% of target, computed in accordance with FASB ASC Topic 718. Refer to “Performance Stock Units” on page 41 for the value of PSUs settled in 2025 and discussion of the performance criteria used for PSUs.
       
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
[MISSING IMAGE: lc_paidvsnetincome-4c.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: lc_paidvsadjustebitda-4c.jpg]
       
Total Shareholder Return Vs Peer Group
[MISSING IMAGE: lc_companytsrvspeergrp-4c.jpg]
       
Tabular List, Table
Tabular List of Financial Performance Measures
The following table identifies the most important financial performance measures used by the Company to link CAP to the Company’s NEOs in 2025 to Company performance. The measures in this table are not listed in order of importance. The role of each of these performance measures on our NEOs’ compensation is discussed in “Compensation Discussion and Analysis” beginning on page 31.
Financial Performance Measures
Adjusted EBITDA
Organic Daily Sales
Relative EBTA Growth
ROIC
       
Total Shareholder Return Amount $ 80.19 84.29 102.44 73.96 152.73
Peer Group Total Shareholder Return Amount 223.45 196.52 172.08 115.98 133.61
Net Income (Loss) $ 151,800,000 $ 123,600,000 $ 173,400,000 $ 245,400,000 $ 238,400,000
Company Selected Measure Amount 414,200,000 378,200,000 410,700,000 464,300,000 415,100,000
PEO Name Mr. Black        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description
(7)
We determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure used by the Company to link CAP to the Company’s NEOs to Company performance for the most recently completed fiscal year. Adjusted EBITDA is a non-GAAP financial measure. See Appendix A to this Proxy Statement for a reconciliation of Adjusted EBITDA to Net income (loss), the corresponding GAAP financial measure
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Organic Daily Sales        
Measure:: 3          
Pay vs Performance Disclosure          
Name Relative EBTA Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name ROIC        
Mr. Black [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,199,864) $ (3,899,858) $ (3,618,677) $ (3,424,675) $ (2,997,491)
Mr. Black [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,933,333 3,309,322 3,976,083 2,294,950 5,505,353
Mr. Black [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (329,246) (1,395,968) 1,595,317 (7,411,707) 7,944,354
Mr. Black [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (918,006) (266,876) 2,871,379 (4,141,717) 1,391,895
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (737,285) (718,598) (690,865) (641,866) (584,358)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 690,496 609,784 759,101 430,132 1,043,847
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (58,274) (262,253) 299,085 (1,485,813) 1,500,370
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (158,990) $ (41,134) $ 533,227 $ (777,483) $ 288,003