Southland Holdings (SLND) CFO Keith Bassano Receives RSU Award

What Happened

• Keith Bassano, CFO and Treasurer of Southland Holdings, received an award of 87,500 restricted stock units (RSUs) on August 14, 2026. The RSUs were recorded at $0.00 per unit (no cash paid) and are derivative awards that convert to common shares upon vesting. This is a grant/award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: August 14, 2026; 87,500 RSUs at $0.00 per unit.
• Vesting schedule: Approximately one-third vest on Aug 14 each year — 2027, 2028, and 2029 (per filing footnote).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Instrument type: RSUs (each RSU equals one share upon vesting — per footnote).
• Filing timeliness: Form 4 filed Aug 18, 2026; this is within the two-business-day filing window and is timely.
• Transaction code: A (Award/Grant).

Context

• RSU grants are compensation awards; they are not market purchases and do not immediately increase free-floating shares until vested and settled. Such grants are common for executive compensation and do not, by themselves, signal a buy or sell decision by the insider.