Southland Holdings (SLND) CFO exercises 19,009 RSUs into common stock
Rhea-AI Filing Summary
Southland Holdings, Inc. Chief Financial Officer and Treasurer Keith Bassano exercised restricted stock units into common stock as part of an existing equity award. On June 13, 2026, he converted 19,009 restricted stock units into an equal number of common shares at a stated price of $0.00 per share, reflecting vesting rather than an open-market purchase.
This transaction stems from an award of 57,029 restricted stock units granted on June 13, 2025, which vests over three years. After the transaction, Bassano directly holds 44,217 shares of common stock and 38,020 restricted stock units, indicating that a substantial portion of his compensation remains in equity that will vest through June 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 19,009 shares
Net Buy
2 txns
Insider
Bassano Keith
Role
CFO AND TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 19,009 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,009 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 38,020 shares (Direct);
Common Stock — 44,217 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 57,029 restricted stock units ("RSUs") on June 13, 2025. The RSUs vest over a three-year period, with approximately one-third (1/3) of the RSUs having vested on June 13, 2026, approximately one-third (1/3) of the RSUs vesting on June 13, 2027, and the remaining RSUs vesting on June 13, 2028.
Key Figures
RSUs exercised: 19,009 units
Common shares after transaction: 44,217 shares
RSU award size: 57,029 units
+3 more
6 metrics
RSUs exercised
19,009 units
Converted into common stock on June 13, 2026
Common shares after transaction
44,217 shares
Direct holdings following RSU conversion
RSU award size
57,029 units
Granted on June 13, 2025
Remaining RSUs
38,020 units
Restricted stock units following June 13, 2026 vesting
Exercise price
$0.00 per share
Conversion of RSUs into common stock
Vesting schedule end
June 13, 2028
Final vesting date for the RSU award
Key Terms
Restricted Stock Unit, Form 4, derivative security, vesting
4 terms
Restricted Stock Unit financial
"The reporting person received an award of 57,029 restricted stock units ("RSUs") on June 13, 2025."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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.
vesting financial
"The RSUs vest over a three-year period, with approximately one-third of the RSUs having vested on June 13, 2026."
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) report for Keith Bassano?
Southland Holdings reported that CFO and Treasurer Keith Bassano exercised 19,009 restricted stock units into common stock. The transaction reflects scheduled vesting of a prior equity award, not an open-market share purchase or sale.
What was the size and structure of the RSU award to the Southland Holdings CFO?
Keith Bassano received an award of 57,029 restricted stock units on June 13, 2025. The RSUs vest over three years, with approximately one-third vesting on June 13, 2026, another third on June 13, 2027, and the remainder on June 13, 2028.
How long will the Southland Holdings CFO’s RSUs continue vesting?
The 57,029 restricted stock units granted to the CFO vest over a three-year period. One-third vested on June 13, 2026, with additional portions scheduled to vest on June 13, 2027, and June 13, 2028, subject to the award’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
