Slide Insurance (SLDE) CEO logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported equity award activity and related tax withholding. On February 28, 2026, restricted stock units were exercised into common shares, increasing his and his spouse’s holdings through both direct and indirect accounts.
As part of this vesting, 9,019 shares of common stock were disposed of at $19.00 per share to satisfy tax liabilities, rather than through an open-market sale. Footnotes state that each restricted stock unit converts into one common share and that these units vest in 24 equal monthly installments from January 1, 2025 through December 31, 2026, subject to continued service.
The filing also details large indirect holdings, including 39,875,000 common shares held by IIM Holdings II, LLC, an entity controlled by Lucas, and additional shares held by his spouse and family trusts, with beneficial ownership disclaimed except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,836 shares exercised/converted
Mixed
10 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
| 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 | $19.00 | $171K |
| Exercise | Common Stock | 22,919 | $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 — 1,132,665 shares (Direct);
Common Stock — 194,201 shares (Indirect, By Spouse)
Footnotes (1)
- 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. The securities reported herein are held by IIM Holdings II, LLC, which is an entity controlled by the reporting person. 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. 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. 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 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 of common stock beneficially owned by the reporting person's spouse through Securus Risk Management LLC. 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 Emma Cloonen Irrevocable Trust, of which the reporting person 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 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.
FAQ
What did Slide Insurance (SLDE) CEO Bruce Lucas report in this Form 4?
Bruce Lucas reported RSU vesting that converted into common shares and a related tax withholding disposition. The activity reflects equity compensation mechanics, not an open-market stock trade, and updates both his direct and indirect ownership positions in Slide Insurance common stock.
How do the RSUs in this Slide Insurance (SLDE) filing vest?
The restricted stock units vest in 24 equal monthly installments starting January 1, 2025 and ending December 31, 2026, contingent on continued employment or service. Each RSU represents a contingent right to receive one share of Slide Insurance common stock upon vesting.
What indirect Slide Insurance (SLDE) holdings are associated with Bruce Lucas?
Indirect holdings include 39,875,000 common shares held by IIM Holdings II, LLC, plus additional shares held by his spouse and family trusts. The filing notes Lucas controls IIM Holdings II, LLC but disclaims beneficial ownership beyond his pecuniary interest in these securities.