Southland Holdings CEO Acquires 55K Shares, Controls Over 27M Share Position
Southland Holdings (SLND) reported significant insider trading activity by President and CEO Frankie S. Renda on June 25, 2025.
Rhea-AI Filing Summary
Southland Holdings (SLND) reported significant insider trading activity by President and CEO Frankie S. Renda on June 25, 2025. Renda, who serves as Director and is a 10% owner, executed two key transactions:
- Acquired 55,432 shares through the vesting of Restricted Stock Units (RSUs)
- Disposed of 1,302 shares at $3.80 per share for tax withholding purposes
Following these transactions, Renda's holdings include 15,021,884 shares held directly and significant indirect ownership through multiple family trusts:
- 6,140,497 shares via Frank Renda 2015 Irrevocable Trust
- 2,211,394 shares each in three children's trusts
- 69,270 shares held by spouse
The RSU award from June 25, 2024, follows a three-year vesting schedule, with remaining portions vesting in 2026 and 2027. Renda maintains 110,866 unvested RSUs following this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 55,432 | $0.00 | $0.00 |
| Exercise | Common Stock | 55,432 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,302 | $3.80 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (10)
- F1. Each restricted stock unit is equivalent to one share of the Issuer's common stock.
- F2. Represents shares withheld to satisfy tax withholding obligations in connection with shares of common stock issued to the reporting person.
- F3. Reflects the closing trading price of the Issuer's common stock on June 25, 2025.
- F4. These shares are held directly by the Frank Renda 2015 Irrevocable Trust ("Trust A"), a family trust established for the benefit of the immediate family of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust A.
- F5. 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.
- F6. These shares are held directly by the Madison Nicole Renda Trust ("Trust B"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust B.
- F7. These shares are held directly by the Dominic Vincent Renda Trust ("Trust C"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust C.
- F8. These shares are held directly by the Santino Leonidas Renda Trust ("Trust D"), a family trust established for the benefit of a child of Frankie S. Renda. Frankie S. Renda is the sole trustee of Trust D.
- F9. These shares are held directly by the spouse of Frankie S. Renda.
- F10. 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
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What is the total SLND stock ownership of CEO Frankie Renda, including direct and indirect holdings?
What is the vesting schedule for SLND CEO's restricted stock units granted in 2024?
What was the stock price of SLND used for tax withholding on June 25, 2025?
What positions does Frankie Renda hold at SLND according to the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.