Form 4: Southland Holdings Executive Walter Timothy Winn Reports Changes in Beneficial Ownership

Walter Timothy Winn, CO-COO and EVP of Southland Holdings, reports acquisition and disposal of common stock due to equity incentive plan and tax obligations, as well as changes due to a domestic relations order.

Summary

• On March 25, 2024, Walter Timothy Winn, CO-COO and EVP of Southland Holdings, reported changes in beneficial ownership of Southland Holdings, Inc. common stock.
• Winn acquired 15,767 shares of common stock at $0.00 per share pursuant to the company's 2022 Equity Incentive Plan.
• He also disposed of 370 shares at $5.15 per share to satisfy tax withholding obligations related to the stock issuance.
• Following these transactions, Winn directly owns 1,687,205 shares of common stock.
• Additionally, Winn indirectly owns 1,675,863 shares through the Walter Timothy Winn 2015 Irrevocable Trust.
• A domestic relations order was finalized, resulting in a change in the number of shares beneficially owned by Winn since his last report.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing showing stock transactions related to compensation and tax obligations. The domestic relations order is a personal matter and doesn't necessarily reflect on the company's performance.

Positives

• The acquisition of shares through the equity incentive plan suggests the company is incentivizing its executives with equity.

Negatives

• The disposal of shares to cover tax obligations could be seen as a minor negative, although it's a common practice.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates