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.
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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.
How many Somnigroup International Inc. (SGI) shares does the reporting person own after these transactions?
After completing the reported transactions on January 2, 2026, the EVP Global Business Strategy beneficially owned 858,570 shares of Somnigroup International Inc. common stock directly.
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.
At what price were Somnigroup International Inc. (SGI) shares withheld for taxes?
Shares of Somnigroup International Inc. common stock were withheld in several transactions with code F at a price of $88.74 per share, typically reflecting tax withholding related to vesting equity awards.
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.