Company: SLDE
Filing Date: 2025-06-09
Form Type: S-1/A
Source: 0001193125-25-137410
Chunk: 263

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-06-09
Form: S-1/A
Chunk 263
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 |            |   1 |     |            | 58.52 |
| Forfeited or expired         |     |            |   — |     |            |     — |
| Nonvested at March 31, 2025  |     |            | 386 |     |            | 58.52 |

The Company recognized compensation expense related to restricted stock, which is included in general and administrative personnel expenses, of $2,771 and $0 for the three months ended March 31, 2025 and March 31, 2024, respectively. At March 31, 2025 and March 31, 2024, there was approximately $19,433 and $0, respectively, of total unrecognized compensation expense related to nonvested restricted stock arrangements. The F-25

Slide Insurance Holdings, Inc. Notes to Unaudited Condensed Consolidated Financial Statements (Dollar amounts in thousands, except share and per share amounts, unless otherwise stated) Company expects to recognize the remaining compensation expense over a weighted-average period of 1.75 years. The following table summarizes information about deferred tax benefits recognized and tax benefits realized related to Stock-Based compensation for the three months ended March 31, 2025 and 2024.

|                                        |     |   |    2025 |     |   |   2024 |
|:---------------------------------------|:----|:--|--------:|:----|:--|-------:|
| Deferred tax benefits recognized       |     | $ |     764 |     | $ |     69 |
| Tax benefits realized for vested stock |     |   |     118 |     |   |    108 |
| Fair value of vested stock             |     |   | 104,537 |     |   | 39,103 |

| 18. | Variable Interest Entities |

The Company entered into a reinsurance captive arrangement with White Rock Insurance (SAC) Ltd. acting in respect of “Separate Account T104—Slide,” a VIE in the normal course of business and consolidated the VIE since the Company is the primary beneficiary. See “Note 1 (Nature of Business and Significant Accounting Policies — Consolidation Policy)” for more information about the methodology and significant inputs used to consider to consolidate a VIE. In 2023, SIC entered into reinsurance transactions whereby the VIE provided quota share and catastrophe reinsurance protection to the Insurance Entities for the period of June 1,