Slide Insurance CEO-linked entities exercise RSUs
Slide Insurance Holdings, Inc. director and CEO Lucas Bruce reported routine equity compensation activity and updated indirect holdings.
Rhea-AI Filing Summary
Slide Insurance Holdings, Inc. director and CEO Lucas Bruce reported routine equity compensation activity and updated indirect holdings. Restricted stock units for Bruce and his spouse converted into 22,918 shares of common stock, while 9,019 shares were withheld at $19.37 per share to cover tax liabilities.
Following these transactions, Bruce directly holds 1,179,244 shares of common stock. Entities associated with him report additional indirect holdings, including 34,506,199 shares held by IIM Holdings II, LLC and 1,925,000 shares each in the Ava and Emma Cloonen Irrevocable Trusts. The disclosures note that Bruce disclaims beneficial ownership of certain indirect positions beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,836 shares exercised/converted
Exercise
9 txns
Insider
Lucas Bruce
Role
Chief Executive Officer
| 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 | $19.37 | $175K |
| Exercise | Common Stock | 22,918 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 139,470 contracts (Direct);
Restricted Stock Unit — 139,470 contracts (Indirect, By Spouse);
Common Stock — 1,179,244 shares (Direct);
Common Stock — 1,366,555 shares (Indirect, By Spouse);
Common Stock — 34,506,199 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 22,918 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.
- 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: 22,918 shares
Tax-withheld shares: 9,019 shares at $19.37
Direct common shares: 1,188,263 shares
+5 more
8 metrics
RSUs converted
22,918 shares
Restricted stock units converting into common stock on June 30, 2026
Tax-withheld shares
9,019 shares at $19.37
Shares withheld to pay tax liability on RSU vesting
Direct common shares
1,188,263 shares
Common stock directly held by Lucas Bruce after transactions
Indirect LLC holdings
34,506,199 shares
Common stock held by IIM Holdings II, LLC controlled by Bruce
Ava Cloonen Trust
1,925,000 shares
Common stock held through Ava Cloonen Irrevocable Trust
Emma Cloonen Trust
1,925,000 shares
Common stock held through Emma Cloonen Irrevocable Trust
Spouse indirect common
247,799 shares
Common stock held by spouse after RSU vesting and tax withholding
Total derivative exercises
45,836 shares
Aggregate shares from derivative exercises in transaction summary
Key Terms
Restricted Stock Unit, tax liability, pecuniary interest, beneficial ownership, +1 more
5 terms
Restricted Stock Unit financial
"The filing reports transactions in "Restricted Stock Unit" securities converting into 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.
tax liability financial
"Shares were withheld for the payment of the tax liability associated with RSU vesting."
pecuniary interest financial
"Bruce disclaims beneficial ownership except to the extent of his pecuniary interest therein."
beneficial ownership financial
"The inclusion of these shares shall not be deemed an admission of beneficial ownership."
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
"The report notes that admission of beneficial ownership is disclaimed 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
