Somnigroup International Inc. (SGI) EVP details 2026 RSU grants and share holdings
Rhea-AI Filing Summary
Somnigroup International Inc. EVP Global Business Strategy reported multiple equity award transactions in company common stock on January 2, 2026. A series of restricted stock units and performance restricted stock units were exercised (transaction code M) and converted into common shares at an exercise price of $0, while shares were simultaneously withheld (transaction code F) at $88.74 per share, primarily to cover tax obligations. Following these transactions, the reporting person beneficially owned 858,570 shares of Somnigroup International common stock directly.
In addition, the executive received a new grant of 5,635 restricted stock units, which vest in four annual installments on January 4 of 2027, 2028, 2029 and 2030. The explanations note that all restricted and performance stock units convert into common stock on a one-for-one basis and describe prior grants that vest over several years, linking vesting and payouts to metrics such as adjusted EBITDA, adjusted EPS, relative TSR percentile and qualitative ESG and strategic performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,593 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,579 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,609 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,243 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 2,961 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 9,619 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units | 4,198 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,635 | $0.00 | -- |
| Exercise | Common Stock | 2,593 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,219 | $88.74 | $108K |
| Exercise | Common Stock | 3,579 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,683 | $88.74 | $149K |
| Exercise | Common Stock | 2,609 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,227 | $88.74 | $109K |
| Exercise | Common Stock | 2,243 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,055 | $88.74 | $94K |
| Exercise | Common Stock | 2,961 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,392 | $88.74 | $124K |
| Exercise | Common Stock | 9,619 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,521 | $88.74 | $401K |
| Exercise | Common Stock | 4,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,974 | $88.74 | $175K |
Footnotes (1)
- Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis. On January 4, 2022, the reporting person was granted 10,372 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 14,315 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 10,434 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 8,970 restricted stock units, vesting in four annual installments on January 4, 2026, 2027, 2028 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 5,635 restricted stock units, vesting in four annual installments on January 4, 2027, 2028, 2029 and 2030.
FAQ
What insider transactions did Somnigroup International Inc. (SGI) report for January 2, 2026?
The EVP Global Business Strategy reported multiple transactions in Somnigroup International Inc. common stock on January 2, 2026, including exercises of restricted stock units and performance restricted stock units (code M) at $0 and share withholdings (code F) at $88.74 per share.
What new equity award did the Somnigroup International Inc. (SGI) executive receive?
On January 2, 2026, the executive received a new grant of 5,635 restricted stock units, which will vest in four equal annual installments on January 4 of 2027, 2028, 2029 and 2030.
How do Somnigroup International Inc. (SGI) restricted stock units and performance restricted stock units convert into common shares?
The explanations state that performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis, meaning each unit delivers one share of Somnigroup International Inc. common stock upon vesting.
What performance metrics affect Somnigroup International Inc. (SGI) performance restricted stock units for the EVP?
The performance restricted stock units are tied to metrics including the company’s adjusted EBITDA, adjusted EPS, Relative TSR Percentile and qualitative ESG or strategic initiatives performance, with payouts ranging from 0% to 300% of target based on committee determinations.