Slide Insurance (NASDAQ: SLDE) COO converts RSUs; 9,019 shares withheld for tax
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported equity compensation activity on July 31, 2026. A total of 45,838 restricted stock units, including awards for the reporting person and the reporting person's spouse, were converted into an equal number of common shares, with 9,019 shares withheld to satisfy related tax liabilities.
Each restricted stock unit represents a right to receive one share of common stock and vests in 24 equal monthly installments from January 1, 2025 through December 31, 2026, subject to continued service. Securus Risk Management LLC, an entity controlled by the reporting person, is reported as indirectly holding 1,118,756 common shares, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,819 shares
Net Buy
9 txns
Insider
Lucas Shannon
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F7, F8 | 22,919 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F7, F8, F3 | 22,919 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,919 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $19.97 | $180K |
| Exercise | Common Stock F2, F3 | 22,919 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 116,551 shares (Direct);
Restricted Stock Unit — 116,551 shares (Indirect, By Spouse);
Common Stock — 261,699 shares (Direct);
Common Stock — 40,549,343 shares (Indirect, By Spouse);
Common Stock — 1,118,756 shares (Indirect, By Securus Risk Management, LLC)
Footnotes (8)
- F1. The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units on July 31, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith.
- F3. Represent shares of common stock beneficially owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F4. Represent shares of common stock beneficially owned by the Reporting Person's spouse through IIM Holdings II, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F5. Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F6. Represent shares held through the Ava Cloonen Irrevocable Trust, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F7. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F8. These restricted stock units vest in 24 equal monthly installments commencing on January 1, 2025 and ending on December 31, 2026, subject to the Reporting Person's continued employment or service through each applicable vesting date.
Key Figures
Restricted stock units converted: 45,838 units
Shares withheld for taxes: 9,019 shares
Indirect holdings via Securus Risk Management LLC: 1,118,756 shares
+2 more
5 metrics
Restricted stock units converted
45,838 units
Total derivative exercises on July 31, 2026 across the reporting person and spouse
Shares withheld for taxes
9,019 shares
Common stock withheld on July 31, 2026 to pay tax liability on RSU vesting
Indirect holdings via Securus Risk Management LLC
1,118,756 shares
Common stock held indirectly by an entity controlled by the reporting person, with beneficial ownership disclaimed beyond pecuniary interest
Individual RSU vesting tranche
22,919 units
Restricted stock units vesting and converting for the reporting person and the reporting person's spouse on July 31, 2026
RSU vesting schedule length
24 monthly installments
Restricted stock units vest from January 1, 2025 through December 31, 2026, subject to continued service
Key Terms
Restricted Stock Unit, pecuniary interest, Section 16, irrevocable trust, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of her pecuniary interest"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
irrevocable trust financial
"Represent shares held through the Emma Cloonen Irrevocable Trust, of which the Reporting Person's spouse is the trustee"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
tax liability financial
"withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Lucas Shannon report in Slide Insurance (SLDE)'s latest Form 4?
Lucas Shannon reported the conversion of 45,838 restricted stock units into common shares, with 9,019 shares of common stock withheld to cover tax liabilities, plus related direct and indirect holdings involving the reporting person and the reporting person's spouse.
What is the vesting schedule for Lucas Shannon's Slide Insurance (SLDE) restricted stock units?
The restricted stock units vest in 24 equal monthly installments, beginning on January 1, 2025 and ending on December 31, 2026, and each installment is subject to the reporting person's continued employment or service through the applicable vesting date.
How were taxes handled on the Slide Insurance (SLDE) RSU vesting reported by Lucas Shannon?
To cover tax obligations on the July 31, 2026 vesting of 22,919 restricted stock units for the reporting person's spouse, 9,019 shares of common stock were withheld and delivered for payment of the associated tax liability.