Company: SLND-WT
Filing Date: 2025-04-03
Form Type: PRE 14A
Source: 0001558370-25-004402
Chunk: 19

Company: Southland Holdings, Inc.
Filing Date: 2025-04-03
Form: PRE 14A
Chunk 19
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| ​                       
 Named Executive Officer | ​ |             ​ 
 Percentage of 
   Base Salary | ​ | ​ | ​      
 Bonus  
 Amount |       ​ |
|:------------------------|:--|--------------:|:--|:--|:-------|--------:|
| Frank S. Renda          | ​ |          37.3 | % | ​ | $      | 280,000 |
| Tim Winn                | ​ |          41.4 | % | ​ | $      | 207,000 |
| Rudy V. Renda           | ​ |          45.0 | % | ​ | $      | 225,000 |
| Cody Gallarda           | ​ |          44.5 | % | ​ | $      | 207,000 |

Equity Compensation On February 14, 2023, the Company issued 173,333 restricted stock units (“RSUs”) to Mr. Gallarda pursuant to an award under the Company’s 2022 Equity IncentivePlan . The restricted stock units vested over a two-year period, with one-half (1/2) of the shares vesting on February 14, 2024 and the remaining shares vesting on February 14, 2025, based on Mr. Gallarda’s continuous employment with the Company or an affiliate. The restricted stock units were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, as applicable. On June 25, 2024, the Company issued 304,880 RSUs to the NEOs pursuant to an award under the Company’s 2022 Equity Incentive Plan. The restricted stock units that shall vest over a three-year period, with one third (1/3) of the shares shall vesting on June 25, 2025, one third (1/3) vesting on June 25, 2026 and the remaining shares vesting on June 25, 2027. On June 25, 2024, the Board approved an award of 304,880 performance stock units (“PSUs”) to the NEOs with the number of shares to be earned based on the actual achievement of certain performance criteria over a three-year performance period from January 1, 2024, through December 31, 2026. For the year ended December 31, 2024, we did not achieve the performance target criteria for