Southland Holdings (SLND) CFO adds 10K shares via RSU vesting
Rhea-AI Filing Summary
Southland Holdings, Inc. executive Keith Bassano (CFO and Treasurer) reported the vesting and conversion of restricted stock units into common stock. On August 15, 2026, 10,064 restricted stock units were converted into 10,064 shares of common stock. Following these transactions, Bassano directly holds 54,281 common shares and 20,129 restricted stock units. The RSUs come from a 30,193-unit award granted on August 15, 2025 that vests in roughly equal thirds annually through August 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,064 shares
Net Buy
2 txns
Insider
Bassano Keith
Role
CFO AND TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 10,064 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,064 | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 20,129 shares (Direct);
Common Stock — 54,281 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit is equivalent to one share of the Issuer's common stock.
- F2. The reporting person received an award of 30,193 restricted stock units ("RSUs") on August 15, 2025. The RSUs vest over a three-year period, with approximately one-third (1/3) of the RSUs having vested on August 15, 2026, approximately one-third (1/3) of the RSUs vesting on August 15, 2027, and the remaining RSUs vesting on August 15, 2028.
Key Figures
RSUs Converted: 10,064
Common Shares After Transaction: 54,281
RSUs Remaining: 20,129
+2 more
5 metrics
RSUs Converted
10,064
Restricted stock units converted into common stock on August 15, 2026
Common Shares After Transaction
54,281
Direct common stock holdings of Keith Bassano following August 15, 2026 transactions
RSUs Remaining
20,129
Directly owned restricted stock units reported after the derivative disposition entry
Original RSU Award
30,193
Restricted stock units awarded on August 15, 2025
Vesting Dates
August 15, 2026; 2027; 2028
Three-year RSU vesting schedule in approximately one-third increments
Key Terms
Restricted Stock Unit, derivative security, vesting
3 terms
Restricted Stock Unit financial
"Each restricted stock unit is equivalent to one share of the Issuer's common stock"
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.
derivative security financial
"transaction_action is described as derivative exercise/conversion of a 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.
vesting financial
"The RSUs vest over a three-year period, with approximately one-third vesting each year"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Southland Holdings (SLND) CFO Keith Bassano report on August 15, 2026?
Bassano reported the vesting and conversion of 10,064 restricted stock units into 10,064 common shares on August 15, 2026. This was an exercise or conversion of a derivative security, not an open-market purchase or sale.
What restricted stock unit (RSU) award does Southland Holdings (SLND) CFO Keith Bassano have outstanding?
Bassano received an award of 30,193 restricted stock units on August 15, 2025. The RSUs vest over three years in roughly equal thirds on August 15, 2026, August 15, 2027, and August 15, 2028, each RSU equal to one common share.
How many restricted stock units remain unvested for Southland Holdings (SLND) CFO after this transaction?
Following the August 15, 2026 vesting, Bassano has 20,129 restricted stock units reported as directly owned. These represent the remaining portion of his 30,193-unit RSU grant scheduled to vest in 2027 and 2028.
Was the Southland Holdings (SLND) Form 4 transaction by Keith Bassano a market buy or sell?
No. The Form 4 describes an exercise or conversion of a derivative security, where 10,064 RSUs converted into 10,064 common shares. The structured data does not show any open-market purchase or sale in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
