Southland Holdings (SLND) COO Renda exercises 26,525 RSUs and details large trust-held stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southland Holdings, Inc. director and Co-COO/EVP Rudolph V. Renda reported the vesting and exercise of restricted stock units into common stock and updated his trust-related holdings. On June 13, 2026, he exercised 26,525 restricted stock units at $0.00 per unit, receiving an equal number of common shares, bringing his direct common stock holdings to 6,134,860 shares.
The Form 4 notes that each restricted stock unit equals one share of common stock, and that this vesting is part of a 79,575 RSU award granted on June 13, 2025, which vests in three equal annual installments through 2028. Following this transaction, he holds 53,050 restricted stock units directly.
The filing also details indirect holdings in several family trusts where Renda is sole trustee, including 1,560,155 shares held by the Rudolph V. Renda, Jr., 2015 Irrevocable Trust, 69,446 shares held by the Christy Lee Renda 2015 Irrevocable Trust, and 744,829 shares each held by the Angelo Joseph Renda Trust and the Lola Sofia Renda Trust. The report states that Renda disclaims beneficial ownership of these trust-held securities except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
26,525 shares exercised/converted
Mixed
6 txns
Insider
Renda Rudolph V.
Role
CO-COO AND EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 26,525 | $0.00 | -- |
| Exercise | Common Stock | 26,525 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 53,050 shares (Direct, null);
Common Stock — 6,134,860 shares (Direct, null);
Common Stock — 1,560,155 shares (Indirect, By Rudolph V. Renda, Jr., 2015 Irrevocable Trust)
Footnotes (1)
- Each restricted stock unit is equivalent to one share of the Issuer's common stock. These shares are held directly by the Rudolph V. Renda, Jr., 2015 Irrevocable Trust ("Trust A"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust A. 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. These shares are held directly by the Christy Lee Renda 2015 Irrevocable Trust ("Trust B"), a family trust established for the benefit of the immediate family of the reporting person. The reporting person is the sole trustee of Trust B. These shares are held directly by the Angelo Joseph Renda Trust ("Trust C"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust C. These shares are held directly by the Lola Sofia Renda Trust ("Trust D"), a family trust established for the benefit of a child of the reporting person. The reporting person is the sole trustee of Trust D. The reporting person received an award of 79,575 restricted stock units ("RSUs") on June 13, 2025. The RSUs vest over a three-year period, with one-third (1/3) of the RSUs having vested on June 13, 2026, one-third (1/3) of the RSUs vesting on June 13, 2027, and the remaining one-third (1/3) of the RSUs vesting on June 13, 2028.
Key Figures
RSUs exercised: 26,525 units/shares
Exercise price: $0.00 per unit
Direct common shares after transaction: 6,134,860 shares
+5 more
8 metrics
RSUs exercised
26,525 units/shares
Converted to common stock on June 13, 2026
Exercise price
$0.00 per unit
Restricted stock unit conversion price
Direct common shares after transaction
6,134,860 shares
Rudolph V. Renda direct holdings after RSU exercise
Remaining RSUs
53,050 units
Unvested portion of 79,575-unit RSU grant
Original RSU grant
79,575 units
Awarded June 13, 2025, vests over three years
Trust A holdings
1,560,155 shares
Rudolph V. Renda, Jr., 2015 Irrevocable Trust
Trust B holdings
69,446 shares
Christy Lee Renda 2015 Irrevocable Trust
Trust C/D holdings
744,829 shares each
Angelo Joseph and Lola Sofia Renda Trusts
Key Terms
Restricted Stock Unit, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, Irrevocable Trust, +1 more
5 terms
Restricted Stock Unit financial
"The reporting person received an award of 79,575 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.
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person disclaims beneficial ownership"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Irrevocable Trust financial
"These shares are held directly by the Christy Lee Renda 2015 Irrevocable Trust ("Trust B"), a family trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
derivative security financial
"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.
FAQ
What did Southland Holdings (SLND) insider Rudolph V. Renda report on this Form 4?
Rudolph V. Renda reported an exercise of restricted stock units into common stock and updated his trust-related holdings. He converted 26,525 RSUs into 26,525 common shares and now holds 6,134,860 common shares directly, plus remaining unvested RSUs and significant trust-held shares.
How large is Rudolph V. Renda’s restricted stock unit grant at Southland Holdings (SLND)?
Renda received an award of 79,575 restricted stock units on June 13, 2025. One-third vested on June 13, 2026, another third will vest on June 13, 2027, and the final third will vest on June 13, 2028, each unit converting into one common share.