Form 4: Southland Holdings CFO Cody Gallarda Reports Stock Transactions
SEC Form 4 Filing
Cody Gallarda, CFO, EVP, and Treasurer of Southland Holdings, Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On February 14, 2025, Cody Gallarda, CFO, EVP, and Treasurer of Southland Holdings, Inc., had 86,667 restricted stock units vest.
- Gallarda disposed of 36,009 shares to cover tax withholding obligations at a price of $3.09 per share.
- Following these transactions, Gallarda directly owns 112,334 shares of Southland Holdings, Inc.
- The restricted stock units were part of an award of 173,333 units granted on February 14, 2023, vesting in two equal installments on February 14, 2024, and February 14, 2025.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting routine stock transactions related to executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders due to the dilution from the vesting of restricted stock units.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | Reporting person received an award of 173,333 restricted stock units |
| 02/14/2024 | One half (1/2) of the shares vested |
| 02/14/2025 | Vesting of 86,667 restricted stock units and tax withholding. |
| 02/18/2025 | Date of Form 4 filing. |
Keywords
Southland Holdings, Cody Gallarda, restricted stock units, Form 4, insider trading, stock vesting, tax withholding, SLND
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