Slide Insurance (SLDE) officer reports RSU vesting and tax withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported routine equity compensation activity and updated indirect holdings. On June 30, 2026, 22,918 restricted stock units converted into common stock for him and an additional 22,918 units vested for his spouse, each at a conversion price of $0.00 per share.
To cover the associated tax liability, 9,019 shares of common stock were disposed of at $19.37 per share through share withholding, leaving 247,799 directly held shares afterwards. Following these events, Shannon also reports substantial indirect ownership through his spouse and related entities, including Securus Risk Management LLC, IIM Holdings II, LLC, and irrevocable trusts. The footnotes state he disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,836 shares exercised/converted
Mixed
9 txns
Insider
Lucas Shannon
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | -- |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,019 | $19.37 | $175K |
| Exercise | Common Stock | 22,918 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 139,470 shares (Direct, null);
Restricted Stock Unit — 139,470 shares (Indirect, By Spouse);
Common Stock — 256,818 shares (Direct, null);
Common Stock — 1,179,244 shares (Indirect, By Spouse)
Footnotes (1)
- 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. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,918 restricted stock units on June 30, 2026 and the withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith. 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. 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. 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. 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. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. 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
RSUs vested (spouse-related): 22,918 units
RSUs converted (direct): 22,918 units
Tax-withholding shares: 9,019 shares
+5 more
8 metrics
RSUs vested (spouse-related)
22,918 units
Restricted stock units vested on June 30, 2026 for spouse
RSUs converted (direct)
22,918 units
Restricted stock units converted to common stock on June 30, 2026
Tax-withholding shares
9,019 shares
Common stock withheld at $19.37 per share for tax liability
Tax-withholding price
$19.37 per share
Price used to value 9,019 withheld shares
Direct common shares after transaction
247,799 shares
Direct holdings following RSU conversion and tax withholding
Indirect Securus Risk Management LLC shares
1,118,756 shares
Indirect common stock held through Securus Risk Management LLC
Large indirect spouse-related holding
34,506,199 shares
Indirect common stock beneficially owned by spouse via related entity
Remaining RSU balance (spouse-related)
139,470 units
Restricted stock units remaining after reported vesting activity
Key Terms
Restricted Stock Unit, pecuniary interest, beneficial ownership, Section 16, +2 more
6 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock."
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
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein."
beneficial ownership financial
"the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purpose."
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.
tax liability financial
"withholding of 9,019 shares of common stock for the payment of the tax liability associated therewith."
Securus Risk Management LLC financial
"The securities reported herein are held by Securus Risk Management LLC, which is an entity controlled by the Reporting Person."
FAQ
What did Slide Insurance (SLDE) insider Lucas Shannon report in this Form 4?
Lucas Shannon reported the vesting and conversion of 22,918 restricted stock units into common stock and a related tax-withholding share disposition. The filing also updates his direct and indirect share holdings, including positions held through his spouse and related entities.
What restricted stock unit activity involving Slide Insurance (SLDE) is disclosed?
The filing discloses that 22,918 restricted stock units vested and converted into common stock for the reporting person and an additional 22,918 units vested for his spouse. Each restricted stock unit represents a contingent right to receive one share of common stock at $0.00 per unit.
What indirect Slide Insurance (SLDE) holdings are associated with Lucas Shannon?
Indirect holdings include common shares owned by his spouse, by Securus Risk Management LLC, by IIM Holdings II, LLC, and through two irrevocable trusts. Footnotes state Shannon disclaims beneficial ownership of these indirect holdings except to the extent of any pecuniary interest.
Are the Slide Insurance (SLDE) transactions open-market buys or sells?
The reported activity consists of restricted stock unit conversions and a tax-withholding disposition, not open-market purchases or sales. Shares were issued at $0.00 per unit and some were withheld at $19.37 per share to satisfy tax obligations associated with vesting.