SomniGroup (SGI) CEO discloses stock awards, vesting and share holdings
Rhea-AI Filing Summary
SomniGroup International Inc. president and CEO reports multiple equity transactions on January 2, 2026. The Form 4 shows several blocks of common stock acquired at $0 per share under vested restricted stock units and performance restricted stock units, followed by share disposals at $88.74 per share to cover tax withholding. After these transactions, the reporting person directly beneficially owns 295,869 shares of SomniGroup common stock and indirectly owns 22,400 shares through a family limited liability company.
In the derivative table, previously granted RSUs and performance RSUs convert into common stock on a one-for-one basis as they vest under awards originally granted between 2022 and 2025. The filing also discloses a new grant on January 2, 2026 of 14,086 restricted stock units, scheduled to vest in four annual installments on January 4 of 2027, 2028, 2029 and 2030.
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FAQ
What insider activity did SomniGroup International Inc. (SGI) report on this Form 4?
The Form 4 reports that the president and CEO of SomniGroup International Inc. completed multiple equity transactions on January 2, 2026, including stock received from vesting restricted stock units and performance restricted stock units, related share withholding transactions, and a new grant of restricted stock units.
How many SomniGroup (SGI) shares does the reporting person own after these transactions?
Following the reported transactions, the reporting person beneficially owns 295,869 shares of SomniGroup common stock directly and an additional 22,400 shares indirectly through a family limited liability company.
What price was used for SomniGroup (SGI) shares disposed of to cover taxes?
The filing shows several dispositions of SomniGroup common stock coded as F
What new equity award did the SomniGroup (SGI) president receive on January 2, 2026?
On January 2, 2026, the reporting person was granted 14,086 restricted stock units, which are scheduled to vest in four annual installments on January 4 of 2027, 2028, 2029 and 2030.
How do SomniGroup (SGI) restricted stock units and performance restricted stock units convert into common stock?
The explanation states that performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis, meaning each unit represents one share of SomniGroup common stock when it vests.
What prior SomniGroup (SGI) equity grants are referenced in this Form 4?
The filing references RSU and performance share grants made on January 4, 2022, January 4, 2023, January 4, 2024, and January 3, 2025, with vesting schedules over multiple years and payouts based on metrics such as adjusted EBITDA, Relative TSR Percentile, adjusted EPS, and qualitative ESG or Strategic Initiatives performance.