Southland Executive Maintains Strong Position with 3.5M+ Shares After RSU Vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Walter Timothy Winn, Co-COO, EVP, and Director of Southland Holdings, reported multiple transactions on June 25, 2025:
- Acquired 15,706 shares of common stock through the vesting of Restricted Stock Units (RSUs)
- 369 shares were withheld at $3.80 per share for tax obligations
- Following these transactions, Winn directly owns 1,921,544 shares
- Additionally holds indirect ownership of 1,675,863 shares through the Walter Timothy Winn 2015 Irrevocable Trust
The transactions are part of an RSU award granted on June 25, 2024, which vests over three years in equal installments (2025, 2026, 2027). After this vesting event, Winn retains 31,412 unvested RSUs. This filing demonstrates significant insider ownership and ongoing executive compensation through equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,706 shares exercised/converted
Mixed
4 txns
Insider
Winn Walter Timothy
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 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 31,412 shares (Direct);
Common Stock — 1,921,913 shares (Direct);
Common Stock — 1,675,863 shares (Indirect, By Walter Timothy Winn 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 Walter Timothy Winn 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 Exchange Act, 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. 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 is Walter Timothy Winn's position at SLND?
Walter Timothy Winn serves as both a Director and Co-COO (Chief Operating Officer) and EVP (Executive Vice President) of Southland Holdings, Inc. (SLND).
What is the vesting schedule for Walter Timothy Winn's SLND restricted stock units?
The restricted stock units were awarded on June 25, 2024 and vest over a three-year period: one-third vested on June 25, 2025, one-third will vest on June 25, 2026, and the final third will vest on June 25, 2027.