Slide Insurance (SLDE) CEO updates holdings after RSU vesting and tax withholding
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and CEO Bruce Lucas reported routine equity compensation activity and updated indirect holdings in multiple entities. On May 31, 2026, 22,919 restricted stock units held for his spouse and 22,919 units held directly were converted into common stock, totaling 45,838 shares acquired through derivative exercises.
To cover tax obligations from this vesting, 9,019 common shares were withheld at $18.03 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Lucas held 1,165,345 common shares directly, with additional indirect holdings reported through his spouse, family trusts, and IIM Holdings II, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,819 shares
Net Buy
9 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,919 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,019 | $18.03 | $163K |
| Exercise | Common Stock | 22,919 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 162,388 shares (Direct);
Restricted Stock Unit — 162,388 shares (Indirect, By Spouse);
Common Stock — 1,165,345 shares (Direct);
Common Stock — 1,376,373 shares (Indirect, By Spouse);
Common Stock — 34,743,361 shares (Indirect, By IIM Holdings II, LLC);
Common Stock — 1,925,000 shares (Indirect, By Emma Cloonen Irrevocable Trust);
Common Stock — 1,925,000 shares (Indirect, By Ava Cloonen Irrevocable Trust)
Footnotes (8)
- F1. 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.
- F2. The amount shown reflects the amount owned by the Reporting Person's spouse after the vesting of 22,919 restricted stock units on May 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 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.
- F4. 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.
- F5. 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.
- F6. 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.
- 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
RSUs converted for spouse: 22,919 units
RSUs converted directly: 22,919 units
Total RSU shares exercised: 45,838 shares
+5 more
8 metrics
RSUs converted for spouse
22,919 units
Restricted stock units converted to common stock on May 31, 2026
RSUs converted directly
22,919 units
Restricted stock units for CEO converted to common stock on May 31, 2026
Total RSU shares exercised
45,838 shares
Derivative exercises (code M) summarized in transaction data
Tax-withheld shares
9,019 shares
Shares withheld to pay tax liability on May 31, 2026
Tax-withholding price
$18.03 per share
Value used for tax-withholding disposition of 9,019 shares
Direct holdings after transactions
1,165,345 shares
Common stock held directly by CEO following May 31, 2026 events
IIM Holdings II, LLC indirect stake
34,743,361 shares
Common stock held through IIM Holdings II, LLC controlled by reporting person
Each family trust holding
1,925,000 shares
Common stock held by Ava and Emma Cloonen Irrevocable Trusts
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, beneficial ownership, +2 more
6 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit""
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
irrevocable trust financial
"Emma Cloonen Irrevocable Trust, Ava Cloonen Irrevocable Trust"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Slide Insurance (SLDE) CEO Bruce Lucas report in this Form 4?
Bruce Lucas reported equity compensation activity involving vested restricted stock units and related tax withholding. RSUs for him and his spouse converted into common shares, and a portion of stock was withheld to pay associated tax liabilities, updating his direct and indirect ownership positions.
How are Bruce Lucas’s indirect Slide Insurance (SLDE) holdings structured?
Indirect holdings are reported through his spouse, family trusts, and IIM Holdings II, LLC. The filing notes these entities hold Slide Insurance common stock, and Lucas disclaims beneficial ownership beyond his pecuniary interest, a standard disclosure clarifying his economic stake versus legal ownership control.
Do the Slide Insurance (SLDE) Form 4 transactions indicate open-market buying or selling?
The filing reflects derivative exercises and tax withholding, not open-market trading. Shares were acquired through RSU vesting, and 9,019 shares were withheld at $18.03 solely to satisfy tax liabilities, so there is no reported open-market purchase or sale activity in this Form 4.