Southland (NASDAQ: SLND) COO gains 15,706 shares from RSU vesting
Rhea-AI Filing Summary
Southland Holdings, Inc. director and Co-COO/EVP Rudolph V. Renda reported the vesting and exercise of 15,706 restricted stock units, which converted into an equal number of common shares at $0.00 per share. Following this transaction, he directly holds 6,150,566 shares of common stock.
The filing also updates indirect holdings in several family trusts. The Rudolph V. Renda, Jr., 2015 Irrevocable Trust holds 1,560,155 shares, the Christy Lee Renda 2015 Irrevocable Trust holds 69,446 shares, and each of the Angelo Joseph Renda Trust and Lola Sofia Renda Trust holds 744,829 shares. Footnotes state these trusts are for the benefit of his immediate family and that he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,706 shares
Net Buy
6 txns
Insider
Renda Rudolph V.
Role
CO-COO AND EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,706 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,706 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 15,706 shares (Direct);
Common Stock — 6,150,566 shares (Direct);
Common Stock — 1,560,155 shares (Indirect, By Rudolph V. Renda, Jr., 2015 Irrevocable Trust);
Common Stock — 69,446 shares (Indirect, By Christy Lee Renda 2015 Irrevocable Trust);
Common Stock — 744,829 shares (Indirect, By Angelo Joseph Renda Trust);
Common Stock — 744,829 shares (Indirect, By Lola Sofia Renda Trust)
Footnotes (7)
- F1. Each restricted stock unit is equivalent to one share of the Issuer's common stock.
- F2. These shares are held directly by the Rudolph V. Renda, Jr., 2015 Irrevocable Trust ("Trust A"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust A.
- F3. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- F4. These shares are held directly by the Christy Lee Renda 2015 Irrevocable Trust ("Trust B"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust B.
- F5. These shares are held directly by the Angelo Joseph Renda Trust ("Trust C"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust C.
- F6. These shares are held directly by the Lola Sofia Renda Trust ("Trust D"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust D.
- F7. The reporting person received an award of 47,118 restricted stock units ("RSUs") on June 25, 2024. The RSUs vest over a three-year period, with one-third (1/3) of the RSUs having vested on June 25, 2025, one-third (1/3) of the RSUs having vested on June 25, 2026, and the remaining one-third (1/3) of the RSUs vesting on June 25, 2027.
Key Figures
RSUs converted: 15,706 shares
Conversion price: $0.00 per share
Direct holdings after transaction: 6,150,566 shares
+5 more
8 metrics
RSUs converted
15,706 shares
Restricted stock units converting into common stock at $0.00
Conversion price
$0.00 per share
Price for RSU-to-common conversion
Direct holdings after transaction
6,150,566 shares
Common stock directly held by Renda after RSU vesting
Trust A holdings
1,560,155 shares
Rudolph V. Renda, Jr., 2015 Irrevocable Trust common stock
Trust B holdings
69,446 shares
Christy Lee Renda 2015 Irrevocable Trust common stock
Trust C holdings
744,829 shares
Angelo Joseph Renda Trust common stock
Trust D holdings
744,829 shares
Lola Sofia Renda Trust common stock
Original RSU grant
47,118 RSUs
Awarded June 25, 2024, vesting over three years
Key Terms
Restricted Stock Unit, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, Irrevocable Trust, +1 more
5 terms
Restricted Stock Unit financial
"The reporting person received an award of 47,118 restricted stock units ("RSUs") on June 25, 2024."
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.
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Irrevocable Trust financial
"Christy Lee Renda 2015 Irrevocable Trust ("Trust B"), a family trust established for the benefit of the immediate family"
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.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did SLND executive Rudolph V. Renda report?
Rudolph V. Renda reported an RSU vesting that delivered 15,706 common shares at $0.00 per share. This reflects a compensation-related equity award, not an open-market stock purchase or sale.
What are the details of the RSU award reported for SLND's Rudolph V. Renda?
Rudolph V. Renda received 47,118 restricted stock units on June 25, 2024. The RSUs vest in three equal annual installments on June 25 of 2025, 2026, and 2027, each tranche representing one-third of the award.
Was there any open-market buying or selling of SLND stock in this Form 4?
The Form 4 shows no open-market purchases or sales of SLND stock. It records an RSU vesting and related share issuance, along with updated holdings in family trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
