Slide Insurance (SLDE) COO logs RSU exercises and tax share withholding
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and President & COO Lucas Shannon reported equity award activity tied to restricted stock units (RSUs) on February 28, 2026. RSUs were exercised into common stock at $0.00 per share, increasing both his direct and spouse-related indirect common stock holdings.
To cover tax liabilities from the RSU vesting, 9,019 shares of common stock were disposed of at $19.00 per share through share withholding rather than an open-market sale. The filing also lists significant indirect holdings through his spouse and entities such as Securus Risk Management LLC and several irrevocable trusts, with Shannon disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,817 shares
Net Buy
10 txns
Insider
Lucas Shannon
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 22,918 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $19.00 | $171K |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 231,144 shares (Direct);
Restricted Stock Unit — 231,144 shares (Indirect, By Spouse);
Common Stock — 194,201 shares (Direct);
Common Stock — 47,424,483 shares (Indirect, By Spouse);
Common Stock — 1,650,000 shares (Indirect, By Securus Risk Management, LLC)
Footnotes (10)
- F1. The reported shares were withheld to cover the reporting person's tax liability associated with the restricted stock units that vested on February 28, 2026.
- F2. The amount shown reflects the amount owned by the reporting person's spouse after the withholding of 9,019 shares of common stock for the payment of the tax liability associated with the vesting of restricted stock units on February 28, 2026.
- 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. 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.
- 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. Represent shares of common stock held by the reporting person's spouse through Bruce Lucas Irrevocable Grantor Retained Annuity Trust of 2014. 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.
- F8. 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.
- F9. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F10. 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.
FAQ
What insider transactions did Slide Insurance (SLDE) report for Lucas Shannon?
Lucas Shannon reported RSU exercises into common stock and a related tax-withholding share disposition on February 28, 2026. The transactions converted restricted stock units at $0.00 per share and withheld shares at $19.00 per share to satisfy tax obligations from the RSU vesting event.
How are Lucas Shannon’s indirect Slide Insurance (SLDE) holdings structured?
Indirect Slide Insurance holdings are reported through his spouse and entities including Securus Risk Management LLC and several irrevocable trusts. The filing notes these shares are beneficially owned by related parties, and Shannon disclaims beneficial ownership beyond his pecuniary interest in those indirectly held securities.
What do the restricted stock units (RSUs) in the Slide Insurance (SLDE) Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of Slide Insurance common stock. The RSUs vest in 24 equal monthly installments from January 1, 2025 through December 31, 2026, conditioned on Lucas Shannon’s continued employment or service during each vesting date.
Over what period do Lucas Shannon’s Slide Insurance (SLDE) RSUs vest?
The RSUs vest in 24 equal monthly installments starting January 1, 2025 and ending December 31, 2026. Vesting is subject to Shannon’s continued employment or service through each vesting date, gradually delivering common shares as the units convert over time.
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