Southland (SLND) CFO Keith Bassano Converts 10,064 RSUs

What Happened

• Keith Bassano, Chief Financial Officer and Treasurer of Southland Holdings, had 10,064 restricted stock units (RSUs) convert to 10,064 shares on August 15, 2026 (transaction code M — exercise/conversion of derivative). The filing shows an acquisition entry for 10,064 shares (price N/A) and a same-day disposal of 10,064 shares at $0.00. No cash value is reported for the disposal in the Form 4.

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 17, 2026 (appears filed within the standard 2-business-day window).
• Acquired: 10,064 shares via conversion of RSUs (price shown N/A).
• Disposed: 10,064 shares at $0.00 (listed as a derivative disposition).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 clarifies each RSU equals one common share. F2 notes Bassano received 30,193 RSUs on Aug 15, 2025 that vest over three years; ~1/3 (≈10,064) vested on Aug 15, 2026.

Context

• This was vesting/conversion of RSUs rather than an open‑market purchase or sale. The immediate disposal of the same number of shares at $0.00 is consistent with share-surrender or withholding mechanics commonly used to satisfy tax withholding on vested awards, though the filing itself does not explicitly state the reason. This action is routine for executive compensation vesting and is not the same signal as a cash purchase or sale.