Southland Executive's Massive 9.2M Share Position Signals Strong Insider Confidence
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rudolph V. Renda, Co-COO, EVP, Director, and 10% owner of Southland Holdings (SLND), reported significant insider transactions on June 25, 2025. The transactions involved:
- Acquisition of 15,706 shares through the vesting of restricted stock units (RSUs)
- Disposition of 369 shares at $3.80 per share for tax withholding purposes
Following these transactions, Renda directly owns 6,108,335 shares and indirectly controls 3,119,259 additional shares through four family trusts: Rudolph V. Renda Jr. Trust (1,560,155 shares), Christy Lee Renda Trust (69,446 shares), and two children's trusts (744,829 shares each). Renda retains 31,412 unvested RSUs that will vest in equal portions on June 25, 2026, and 2027, as part of a three-year vesting schedule initiated in 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,706 shares exercised/converted
Mixed
7 txns
Insider
Renda Rudolph V.
Role
CO-COO AND EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,706 | $0.00 | -- |
| Exercise | Common Stock | 15,706 | $0.00 | -- |
| Tax Withholding | Common Stock | 369 | $3.80 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 31,412 shares (Direct);
Common Stock — 6,108,704 shares (Direct);
Common Stock — 1,560,155 shares (Indirect, By Rudolph V. Renda, Jr., 2015 Irrevocable Trust)
Footnotes (1)
- Each restricted stock unit is equivalent to one share of the Issuer's common stock. Represents shares withheld to satisfy tax withholding obligations in connection with the vesting of the reporting person's restricted stock units. Reflects the closing trading price of the Issuer's common stock on June 25, 2025. 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. 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. 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. 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. 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. The reporting person received an award of restricted stock units on June 25, 2024. The restricted stock units shall vest over a three-year period, with one-third (1/3) of the shares vesting on June 25, 2025, one-third (1/3) of the shares vesting on June 25, 2026, and the remaining shares vesting on June 25, 2027.
FAQ
What positions does Rudolph V. Renda hold at SLND?
Rudolph V. Renda serves multiple roles at Southland Holdings (SLND): he is a Director, a 10% Owner, and serves as Co-COO and EVP (Co-Chief Operating Officer and Executive Vice President) of the company.
What is the vesting schedule for SLND's RSUs granted to Renda?
The restricted stock units (RSUs) were granted on June 25, 2024, with a three-year vesting schedule: one-third (1/3) vests on June 25, 2025, one-third vests on June 25, 2026, and the final third vests on June 25, 2027.
What was the stock price of SLND used for tax withholding on June 25, 2025?
The closing trading price of SLND common stock on June 25, 2025, used for tax withholding purposes, was $3.80 per share.