Somnigroup CEO associate granted 22,536 performance RSUs
Somnigroup International Inc. reported that Buster H. Clifford III, CEO of Tempur Sealy, received a grant of 22,536 Performance Restricted Stock Units (PRSUs).
Rhea-AI Filing Summary
Somnigroup International Inc. reported that Buster H. Clifford III, CEO of Tempur Sealy, received a grant of 22,536 Performance Restricted Stock Units (PRSUs). These PRSUs convert into common stock on a one-for-one basis.
The award reflects performance for a period beginning with a target grant on January 3, 2025, with payout ranging from 0% to 300% of target based on adjusted EPS, adjusted EBITDA, and qualitative strategic initiatives. On February 26, 2026, the board’s Human Resources/Capital and Talent Committee determined the final payout, resulting in the reported PRSU amount. The PRSUs are scheduled to vest in approximately three equal installments on January 4, 2027, 2028, and 2029, subject to the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 22,536 | $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 did Somnigroup (SGI) disclose in this Form 4 for Buster H. Clifford III?
How many Somnigroup (SGI) performance units were granted to the CEO of Tempur Sealy?
What performance metrics determine the Somnigroup (SGI) PRSU payout for this grant?
When do the Somnigroup (SGI) PRSUs granted to Buster H. Clifford III vest?
How do Somnigroup (SGI) Performance Restricted Stock Units convert into common stock?
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