Somnigroup International (SGI) CEO details RSU, PRSU activity and new grant
Rhea-AI Filing Summary
Somnigroup International Inc.'s CEO of Tempur Sealy reported multiple equity transactions on January 2, 2026. Several blocks of common stock were acquired at $0 through the vesting and conversion of restricted stock units and performance restricted stock units, and portions of these shares were disposed of at $88.74 per share, typically to cover related obligations.
After these transactions, the CEO directly owned 248,334 shares of Somnigroup common stock and indirectly held 286,679 shares through the Buster Family Trust. The filing also shows a new grant of 14,086 restricted stock units, which are scheduled to vest in four annual installments on January 4, 2027, 2028, 2029 and 2030. Performance awards referenced in the filing are based on metrics such as adjusted EBITDA, adjusted EPS, relative TSR percentile and qualitative ESG or strategic initiatives performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,482 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,946 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,521 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,607 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 7,397 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 24,050 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 10,494 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 14,086 | $0.00 | -- |
| Exercise | Common Stock | 6,482 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,956 | $88.74 | $262K |
| Exercise | Common Stock | 8,946 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,080 | $88.74 | $362K |
| Exercise | Common Stock | 6,521 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,974 | $88.74 | $264K |
| Exercise | Common Stock | 5,607 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,557 | $88.74 | $227K |
| Exercise | Common Stock | 7,397 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,374 | $88.74 | $299K |
| Exercise | Common Stock | 24,050 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,057 | $88.74 | $981K |
| Exercise | Common Stock | 10,494 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,786 | $88.74 | $425K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis. These shares of SGI common stock are held by a family trust of which the reporting person is trustee. The reporting person's spouse is the sole beneficiary of the trust. On January 4, 2022, the reporting person was granted 25,928 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. On January 4, 2023, the reporting person was granted 35,786 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. On January 4, 2024, the reporting person was granted 26,085 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. On January 3, 2025, the reporting person was granted 22,426 restricted stock units, vesting in four annual installments on January 4, 2026, 2027, 2027 and 2029. On January 4, 2022, the reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. The Human Resources/Capital and Talent Committee of the Board of Directors determined the payout for each metric on February 17, 2023 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2024, 2025 and 2026. On January 4, 2023, the reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. The Human Resources/Capital and Talent Committee of the Board of Directors determined the payout for each metric on February 16, 2024 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2025, 2026 and 2027. On January 4, 2024, the reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EPS, adjusted EBITDA and qualitative Strategic Initiatives performance. The Human Resources/Capital and Talent Committee of the Board of Directors determined the payout for each metric on February 28, 2025 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2026, 2027 and 2028. On January 2, 2026, the reporting person was granted 14,086 restricted stock units, vesting in four annual installments on January 4, 2027, 2028, 2029 and 2030.
FAQ
What insider transaction did Somnigroup International (SGI) report for January 2, 2026?
The CEO of Tempur Sealy reported multiple transactions in Somnigroup International Inc. common stock on January 2, 2026, including shares acquired at $0 from vesting restricted stock units and performance restricted stock units, and shares sold at $88.74 per share.
What new equity award was granted to the Somnigroup (SGI) CEO on January 2, 2026?
On January 2, 2026, the CEO received a grant of 14,086 restricted stock units, which vest in four annual installments on January 4, 2027, 2028, 2029 and 2030.
What are the key performance metrics for Somnigroup (SGI) performance restricted stock units mentioned?
The performance restricted stock units referenced use metrics including adjusted EBITDA, adjusted EPS, Relative TSR Percentile and qualitative ESG or Strategic Initiatives performance to determine payouts.
Who controls the indirect Somnigroup (SGI) holdings reported in the Form 4?
The 286,679 indirect shares of Somnigroup common stock are held by the Buster Family Trust, where the reporting person is trustee and the reporting person’s spouse is the sole beneficiary.