Company: SLND-WT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001558370-25-005565
Chunk: 17

Company: Southland Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 17
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 |   406,209 | ​ | $                         |  81,800 | ​ | $     | 1,127,509 |
| Chief Financial Officer, Executive Vice President and Treasurer | ​ | 2023 | ​ | $      | 388,462 | ​ | $        | 256,000 | ​ | $               | 1,549,597 | ​ | $                         |  52,565 | ​ | $     | 2,246,624 |

| (1) | Represents a discretionary performance bonus. |

| (2) | Amount represents the aggregate grant date fair value of the equity awards granted and is calculated in accordance with FASB ASC Topic 718. |

| (3) | Represents vehicle allowances, reimbursement of certain personal expenses and Southland contributions to 401(k)- Profit Sharing Plan. |

10

Narrative Disclosure to Summary Compensation Table Base Salaries The NEOs received their respective base salaries to compensate them for services rendered to Southland. The base salary payable to each NEO was intended to provide a market competitive level of fixed compensation reflecting the applicable NEO’s skill set, experience, role and responsibilities. In June of 2024, the Board approved salary increases for each NEO as a result of the compensation analysis performed by MeridianThe salaries disclosed below do not match the salaries in the summary compensation table above as the aforementioned salary increases were not retroactively applied. For the fiscal year ended December 31, 2024, the respective annual base salaries of Southland’s NEOs were as follows:

| ​                       
 Named Executive Officer | ​ 
 ​ | ​           
 Base Salary |       ​ |
|:------------------------|:--|:------------|--------:|
| Frank S. Renda          | ​ | $           | 750,000 |
| Tim Winn                | ​ | $           | 500,000 |
| Rudy V. Renda           | ​ | $           | 500,000 |
| Cody Gallarda           | ​ | $           | 465,000 |

Cash Bonus Southland’s NEOs are entitled to receive annual cash bonuses. Payments of the annual cash bonuses are discretionary and not based on any specific performance milestones or financial achievements. Any cash bonuses paid to the Chief Executive Officer are approved by the Compensation Committee and any cash bonuses paid to the other NEOs are approved by the Chief Executive Officer and the Compensation Committee. For the fiscal year ended December 31, 2024, the total discretionary cash bonuses earned by Southland’s