SOMNIGROUP CFO granted 13,975 performance RSUs
SOMNIGROUP INTERNATIONAL INC. reported that EVP & Chief Financial Officer Rao Bhaskar acquired 13,975 Performance Restricted Stock Units (PRSUs) at no purchase price.
Rhea-AI Filing Summary
SOMNIGROUP INTERNATIONAL INC. reported that EVP & Chief Financial Officer Rao Bhaskar acquired 13,975 Performance Restricted Stock Units (PRSUs) at no purchase price. Each PRSU converts into one share of common stock.
These PRSUs relate to a performance award granted on January 3, 2025, where the payout could range from 0 to 300% of a target amount based on the company’s adjusted EPS, adjusted EBITDA, and qualitative strategic initiatives. On February 26, 2026, the board’s Human Resources/Capital and Talent Committee certified the performance results, leading to the 13,975 PRSUs reported. The PRSUs are scheduled to vest in approximately three equal installments on January 4, 2027, January 4, 2028, and January 4, 2029.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 13,975 | $0.00 | $0.00 |
Footnotes (2)
- F1. Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.
- F2. On January 3, 2025, 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 26, 2026 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2027, 2028 and 2029.
FAQ
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What insider transaction did SOMNIGROUP (SGI) report for Rao Bhaskar?
How many Performance Restricted Stock Units did SGI grant to its CFO?
What performance period led to the 13,975 PRSUs for SOMNIGROUP (SGI) CFO?
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