Southland (SLND) co-COO gains 15,706 shares from RSU vesting
Rhea-AI Filing Summary
Southland Holdings, Inc. director and co-COO Timothy Winn increased his stake through the vesting of restricted stock units. On June 25, 2026, 15,706 restricted stock units converted into an equal number of common shares at no cash exercise price, as part of an award of 47,118 RSUs granted on June 25, 2024. The award vests in three equal annual installments in 2025, 2026 and 2027. After this transaction, Winn directly holds 1,992,952 shares of common stock, reflecting routine equity compensation rather than any open‑market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,706 | $0.00 | -- |
| Exercise | Common Stock | 15,706 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit is equivalent to one share of the Issuer's common stock. 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
Key Terms
Restricted Stock Unit financial
RSUs financial
Exercise or conversion of derivative security financial
Common Stock financial
FAQ
What did Southland Holdings (SLND) executive Timothy Winn report in this Form 4?
Timothy Winn reported the vesting and conversion of 15,706 restricted stock units into an equal number of Southland Holdings common shares. This reflects equity compensation vesting, not an open-market stock purchase or sale, and increases his directly held share count.
What is the size and vesting schedule of Timothy Winn’s RSU award at Southland Holdings?
Winn received an award of 47,118 restricted stock units on June 25, 2024. The RSUs vest in three equal annual tranches on June 25 of 2025, 2026 and 2027, with each vesting delivering one common share per RSU.
Did Timothy Winn buy or sell Southland Holdings stock in the open market?
No open-market trade occurred. The filing shows an exercise or conversion of derivative security, where 15,706 RSUs converted into common shares at a stated price of $0.00 per unit as part of his compensation package.
What does the Form 4 say about the relationship between RSUs and Southland Holdings common stock?
The footnotes state that each restricted stock unit is equivalent to one share of Southland Holdings common stock. When RSUs vest, they convert into the same number of common shares, increasing the executive’s direct share ownership.