SomniGroup (SGI) CEO awarded 72,120 performance RSUs tied to metrics
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SomniGroup International Inc. reported that CEO and President Thompson Scott L acquired 72,120 Performance Restricted Stock Units (PRSUs) as a grant with no cash price per unit. These PRSUs and related restricted stock units convert into common stock on a one-for-one basis.
The award relates to a target grant made on January 3, 2025, with payout from 0% to 300% of target based on adjusted EPS, adjusted EBITDA and qualitative Strategic Initiatives performance. The Board’s Human Resources/Capital and Talent Committee determined the payout metrics on February 26, 2026, resulting in the reported 72,120 PRSUs. The PRSUs vest in full on January 4, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
THOMPSON SCOTT L
Role
CEO & PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 72,120 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 72,120 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 full on January 4, 2027.
FAQ
What insider transaction did SomniGroup (SGI) report for Thompson Scott L?
SomniGroup reported that CEO and President Thompson Scott L received a grant of 72,120 Performance Restricted Stock Units. The units were awarded at no cash cost and are tied to pre-set performance metrics, eventually converting into common stock on a one-for-one basis.
How many performance restricted stock units did SGI’s CEO receive?
SGI’s CEO was reported to have received 72,120 Performance Restricted Stock Units. This figure reflects the payout determined by the Board committee after assessing adjusted EPS, adjusted EBITDA and qualitative Strategic Initiatives performance, following a target grant originally made on January 3, 2025.
When do the SomniGroup (SGI) performance RSUs granted to the CEO vest?
The performance restricted stock units granted to SomniGroup’s CEO vest in full on January 4, 2027. Until vesting, the award remains subject to continued service and the previously determined performance outcomes that set the number of PRSUs ultimately earned from the initial grant.
What performance metrics determine the SGI CEO’s PRSU award payout?
The CEO’s Performance Restricted Stock Units payout is based on adjusted EPS, adjusted EBITDA and qualitative Strategic Initiatives performance. These metrics allow payouts from 0% to 300% of the original target, with the Human Resources/Capital and Talent Committee determining final results on February 26, 2026.
How do SomniGroup (SGI) performance RSUs convert into common stock?
SomniGroup’s performance restricted stock units convert into common stock on a one-for-one basis. After performance is measured and the award vests, each PRSU becomes one share of common stock, aligning the CEO’s compensation directly with shareholder value in the company’s equity.
Was there a purchase price for the SGI CEO’s 72,120 performance RSUs?
The reported 72,120 Performance Restricted Stock Units were granted at a price per unit of zero dollars. This indicates they were part of the CEO’s equity compensation package rather than an open-market purchase, aligning incentive pay with performance-based stock awards over time.