Somnigroup International (SGI) CFO details stock unit conversions and 11,269 RSU grant
Rhea-AI Filing Summary
Somnigroup International Inc. EVP & Chief Financial Officer Bhaskar Rao reported multiple equity transactions on January 2, 2026. Several restricted stock units and performance restricted stock units were converted into common stock on a one-for-one basis at an exercise price of $0, followed by sales of shares at $88.74 to cover obligations.
After the reported transactions, Rao directly beneficially owned 354,036 shares of Somnigroup common stock. In addition, he received a new grant of 11,269 restricted stock units on January 2, 2026, scheduled to vest in four annual installments on January 4, 2027, 2028, 2029 and 2030. Earlier grants from 2022 through 2025 include time-based RSUs and performance shares tied to adjusted EBITDA, adjusted EPS, relative TSR percentile and qualitative ESG or strategic initiatives performance.
Positive
- None.
Negative
- None.
FAQ
What insider transactions did Somnigroup International (SGI) report for January 2, 2026?
On January 2, 2026, EVP & Chief Financial Officer Bhaskar Rao reported multiple conversions of restricted stock units and performance restricted stock units into common stock at $0 exercise price, along with share sales at $88.74 to satisfy related obligations.
How many Somnigroup (SGI) shares does the reporting officer own after these transactions?
Following the reported transactions on January 2, 2026, Bhaskar Rao directly beneficially owned 354,036 shares of Somnigroup International Inc. common stock.
What new equity award did Somnigroup (SGI) grant on January 2, 2026?
On January 2, 2026, the reporting person was granted 11,269 restricted stock units, vesting in four annual installments on January 4, 2027, 2028, 2029 and 2030.
At what price were Somnigroup (SGI) shares sold in the reported Form 4 transactions?
The Form 4 shows several dispositions of Somnigroup International Inc. common stock at a price of $88.74 per share, reported with transaction code F.
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.
What performance metrics affect Somnigroup (SGI) performance share payouts for the CFO’s awards?
Certain performance shares have payouts from 0 to 300% of target based on the company’s adjusted EBITDA, relative TSR percentile, adjusted EPS, and qualitative ESG or strategic initiatives performance, as stated for the 2022, 2023 and 2024 grants.