Slide Insurance (SLDE) COO details RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Slide Insurance Holdings President & COO Shannon Lucas, who is also a director and 10% owner, reported routine equity compensation activity on January 31, 2026. A total of 22,919 restricted stock units converted into common shares for her and another 22,919 units converted for her spouse at a $0.00 exercise price.
To cover taxes on vested awards, 9,407 common shares were withheld at $17.23 per share, reducing her directly held common stock to 180,302 shares. The filing also lists large indirect holdings in Slide Insurance common stock through her spouse, Securus Risk Management LLC, multiple family trusts, and IIM Holdings II, LLC, for which she generally disclaims beneficial ownership beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,838 shares exercised/converted
Mixed
10 txns
Insider
Lucas Shannon
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 22,919 | $0.00 | -- |
| Exercise | Common Stock | 22,919 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,407 | $17.23 | $162K |
| 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 — 254,062 shares (Direct);
Restricted Stock Unit — 254,062 shares (Indirect, By Spouse);
Common Stock — 189,709 shares (Direct);
Common Stock — 1,109,747 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 January 31, 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 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 withholding of 9,352 shares of common stock for the payment of the tax liability associated with the vesting of restricted stock units on January 31, 2026. 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. 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. 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. 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. 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 insider activity did SLDE President & COO Shannon Lucas report on January 31, 2026?
Shannon Lucas reported vesting and conversion of restricted stock units and related tax withholding. 22,919 RSUs converted to common stock for her and 22,919 for her spouse, plus 9,407 common shares were withheld at $17.23 to satisfy tax obligations on the vested awards.
How many Slide Insurance (SLDE) restricted stock units vested for Shannon Lucas on January 31, 2026?
On January 31, 2026, 22,919 restricted stock units vested and converted into Slide Insurance common stock for Shannon Lucas, with another 22,919 units converting for her spouse. Each restricted stock unit represents a contingent right to receive one share of Slide Insurance common stock upon vesting.
What is Shannon Lucas’s direct Slide Insurance (SLDE) common stock holding after the reported transactions?
After the January 31, 2026 transactions, Shannon Lucas directly held 180,302 shares of Slide Insurance common stock. This reflects RSU conversions into shares and the withholding of 9,407 shares to satisfy tax obligations related to the vesting of restricted stock units.
How do Shannon Lucas’s Slide Insurance restricted stock units vest over time?
Shannon Lucas’s restricted stock units vest in 24 equal monthly installments. Vesting began on January 1, 2025 and continues through December 31, 2026, subject to her continued employment or service through each applicable vesting date as specified in the award terms.