[Form 4] Southland Holdings, Inc. Insider Trading Activity
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.
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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.
How many Southland Holdings (SLND) shares were affected by the trust change?
The filing reports 1,675,863 shares of common stock in the transaction coded J, tied to his release of substitution rights and resignation as trustee of the trusts.
Was there any cash consideration for the Southland (SLND) share ownership change?
No. The filing states that no consideration was paid or received in connection with Walter Timothy Winn’s release of his right of substitution and resignation as trustee.
How many Southland Holdings (SLND) shares does Walter Timothy Winn report owning after the transaction?
After the reported transaction, Walter Timothy Winn reports 1,921,544 shares of Southland common stock beneficially owned in direct form.
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.
What change in control over the trust-held Southland (SLND) shares is disclosed?
The filing explains that, effective 06/03/2024, Walter Timothy Winn released his right of substitution and resigned as trustee of irrevocable trusts for his children, so he no longer has beneficial ownership of those shares.