SLND co-COO Winn reports trust-related change in share ownership
Rhea-AI Filing Summary
Southland Holdings, Inc. (SLND) director and co-COO Walter Timothy Winn reported a change in his beneficial ownership of common stock related to family trusts. On 06/03/2024, 1,675,863 shares of common stock were reported with transaction code J at a price of $0, reflecting an administrative change rather than a market sale. Effective that date, he released his right of substitution and resigned as trustee of irrevocable trusts established for the benefit of his children, and therefore no longer has beneficial ownership of those shares. Following this change, he reports 1,921,544 shares of Southland common stock owned directly, with no consideration paid or received in connection with the trust changes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,675,863 | $0.00 | -- |
Footnotes (1)
- This Form 4 is filed with respect to shares of common stock of the Issuer held in irrevocable trusts established for the benefit of his children. Effective as of June 3, 2024, the Reporting Person released his right of substitution and resigned as trustee under such trusts for no consideration. Accordingly, the Reporting Person no longer has beneficial ownership of such shares. No consideration was paid or received in connection with the Reporting Person's release of his right of substitution and resignation as trustee with respect to the trusts established for the benefit of his children.
FAQ
What did Southland Holdings (SLND) insider Walter Timothy Winn report on this Form 4?
Walter Timothy Winn, a director and co-COO of Southland Holdings (SLND), reported an administrative change in ownership related to common stock held in irrevocable trusts for his children.
Why does the Form 4 for Southland (SLND) use transaction code J at a price of $0?
Transaction code J is used for other acquisition or disposition, and the filing shows a $0 price because the change reflects a trust-related administrative adjustment, not a market purchase or sale.