Somnigroup (SGI) awards 22,536 performance RSUs to Tempur Sealy CEO
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
BUSTER H CLIFFORD III
Role
CEO of Tempur Sealy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 22,536 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 22,536 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 did Somnigroup (SGI) disclose in this Form 4 for Buster H. Clifford III?
Somnigroup reported that Buster H. Clifford III received 22,536 Performance Restricted Stock Units. These units were granted as a performance-based equity award and convert into common stock on a one-for-one basis, subject to future vesting dates and plan conditions.
How many Somnigroup (SGI) performance units were granted to the CEO of Tempur Sealy?
The filing shows a grant of 22,536 Performance Restricted Stock Units to Buster H. Clifford III. This number reflects the final payout level determined by Somnigroup’s board committee after reviewing adjusted EPS, adjusted EBITDA, and qualitative strategic initiatives performance metrics.
What performance metrics determine the Somnigroup (SGI) PRSU payout for this grant?
The PRSU payout is based on Somnigroup’s adjusted EPS, adjusted EBITDA, and qualitative Strategic Initiatives performance. The Human Resources/Capital and Talent Committee evaluated each metric and, on February 26, 2026, determined the payout level that resulted in 22,536 performance shares being awarded.
When do the Somnigroup (SGI) PRSUs granted to Buster H. Clifford III vest?
These PRSUs are scheduled to vest in roughly three equal installments on January 4, 2027, January 4, 2028, and January 4, 2029. Actual vesting remains subject to the terms and conditions of Somnigroup’s equity plan and the award agreement.
How do Somnigroup (SGI) Performance Restricted Stock Units convert into common stock?
The Form 4 notes that performance restricted stock units convert into Somnigroup common stock on a one-for-one basis. Once vesting conditions are met on the scheduled dates, each vested PRSU becomes one share of common stock, according to the plan’s provisions.