Southland Holdings (SLND) CEO exercises 57,471 RSUs and details trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southland Holdings, Inc. director, president, CEO and 10% owner Frankie S. Renda reported an equity award vesting and related share movements. On June 13, 2026, he exercised 57,471 restricted stock units into an equal number of common shares at a stated price of $0.00 per share, bringing his directly held common stock to 15,079,355 shares.
The filing also lists indirect holdings in common stock through family-related accounts and trusts, including 6,140,497 shares held by the Frank Renda 2015 Irrevocable Trust and 2,211,394 shares held by each of the Santino Leonidas, Dominic Vincent, and Madison Nicole Renda Trusts, plus 69,270 shares held by his spouse. The restricted stock unit position after this vesting stands at 114,942 RSUs. Footnotes state each RSU equals one share of common stock and that Mr. Renda disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
57,471 shares exercised/converted
Mixed
7 txns
Insider
Renda Frankie S.
Role
PRESIDENT AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 57,471 | $0.00 | -- |
| Exercise | Common Stock | 57,471 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 114,942 shares (Direct, null);
Common Stock — 15,079,355 shares (Direct, null);
Common Stock — 6,140,497 shares (Indirect, By Frank Renda 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 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. 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 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. 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. 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. These shares are held directly by the spouse of Frankie S. Renda. The reporting person received an award of 172,413 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: 57,471 units
Direct common shares after transaction: 15,079,355 shares
Remaining RSU balance: 114,942 units
+4 more
7 metrics
RSUs exercised
57,471 units
Restricted stock units converted to common stock on June 13, 2026
Direct common shares after transaction
15,079,355 shares
Direct ownership following RSU exercise
Remaining RSU balance
114,942 units
Restricted stock units outstanding after June 13, 2026 vesting
Frank Renda 2015 Irrevocable Trust holdings
6,140,497 shares
Indirect common stock position held by family trust
Each child’s trust holdings
2,211,394 shares
Common shares in each of Santino, Dominic, Madison Renda Trusts
Spouse-held shares
69,270 shares
Common stock held by spouse of Frankie S. Renda
Original RSU grant
172,413 units
RSUs awarded June 13, 2025, vesting over three years
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 172,413 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 Frank Renda 2015 Irrevocable Trust ("Trust A"), 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.
beneficial ownership financial
"this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Southland Holdings (SLND) CEO Frankie S. Renda report on this Form 4?
Frankie S. Renda reported the vesting and exercise of restricted stock units into common stock and updated his direct and indirect holdings. The filing reflects compensation-related equity movements rather than open-market buying or selling activity.
How many Southland Holdings (SLND) RSUs did Frankie S. Renda exercise?
He exercised 57,471 restricted stock units into 57,471 shares of common stock at a stated price of $0.00 per share. This transaction reflects one-third of a prior 172,413 RSU award vesting on June 13, 2026, as described in the footnotes.
What are Frankie S. Renda’s direct common stock holdings in Southland Holdings (SLND) after this filing?
After the reported RSU vesting and exercise, Frankie S. Renda directly holds 15,079,355 shares of Southland Holdings common stock. This figure represents his post-transaction direct ownership and excludes additional indirect holdings through family trusts and his spouse.
How many Southland Holdings (SLND) RSUs remain outstanding for Frankie S. Renda?
Following the June 13, 2026 vesting, 114,942 restricted stock units remain credited to Frankie S. Renda. Footnotes explain these RSUs stem from a 172,413-unit award granted June 13, 2025, vesting in three equal annual installments through June 13, 2028.
Does Frankie S. Renda claim full beneficial ownership of the trust-held Southland Holdings (SLND) shares?
A footnote states he disclaims beneficial ownership of certain securities, including those held by family trusts and his spouse, except to the extent of his pecuniary interest. This language is standard in insider filings for indirect holdings and clarifies his reported economic interest.