SOMNIGROUP (SGI) CFO awarded 13,975 performance RSUs vesting 2027–2029
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rao Bhaskar
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 13,975 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 13,975 shares (Direct)
Footnotes (1)
- Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis. 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
What insider transaction did SOMNIGROUP (SGI) report for Rao Bhaskar?
SOMNIGROUP reported that EVP & CFO Rao Bhaskar acquired 13,975 Performance Restricted Stock Units. These units stem from a prior performance grant and reflect the company’s achievement against earnings, EBITDA, and strategic goals, as certified by the board committee on February 26, 2026.
How many Performance Restricted Stock Units did SGI grant to its CFO?
SGI reported that its CFO received 13,975 Performance Restricted Stock Units. Each unit converts into one share of common stock, representing performance-based equity compensation tied to adjusted EPS, adjusted EBITDA, and qualitative strategic initiatives evaluated by the board’s Human Resources/Capital and Talent Committee.
What performance period led to the 13,975 PRSUs for SOMNIGROUP (SGI) CFO?
The 13,975 PRSUs arise from a target performance share grant made on January 3, 2025. The payout could range from 0 to 300% of target, depending on SGI’s adjusted EPS, adjusted EBITDA, and strategic initiatives performance later certified by the board committee.
When do the SOMNIGROUP (SGI) CFO’s PRSUs vest?
The reported PRSUs vest in three approximately equal installments. Vesting dates are January 4, 2027, January 4, 2028, and January 4, 2029, spreading the CFO’s performance-based equity compensation over several years to align longer-term interests with company performance.
How are SOMNIGROUP (SGI) PRSUs converted into common stock?
SOMNIGROUP states that Performance Restricted Stock Units and restricted stock units convert into common stock on a one-for-one basis. This means each vested PRSU delivers one share of SGI common stock, directly linking executive compensation outcomes to the company’s equity value over time.
What metrics determine PRSU payouts at SOMNIGROUP (SGI)?
PRSUs at SOMNIGROUP use three key performance factors: adjusted EPS, adjusted EBITDA, and qualitative Strategic Initiatives. The Human Resources/Capital and Talent Committee sets the payout between 0 and 300% of target based on these metrics, aligning awards with both financial and strategic execution.