Director at Somnigroup (SGI) granted 2,657 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gates Cathy R. reported acquisition or exercise transactions in this Form 4 filing.
Somnigroup International Inc. director Cathy R. Gates received an equity award of 2,657 restricted stock units, each representing one share of common stock. The grant was made at no cash cost to her. These restricted stock units vest in full on the first anniversary of the grant date.
Following this award, Gates directly holds 41,232 shares of Somnigroup common stock. This filing reflects routine stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gates Cathy R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,657 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,232 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 2,657 units
Price per share for grant: $0.0000 per share
Shares held after transaction: 41,232 shares
+1 more
4 metrics
Restricted stock units granted
2,657 units
Equity award to director Cathy R. Gates
Price per share for grant
$0.0000 per share
Compensation award, no cash paid by director
Shares held after transaction
41,232 shares
Total direct holdings following the grant
Vesting schedule
1-year full vesting
Restricted stock units vest on first anniversary of grant date
Key Terms
restricted stock unit, vest, Common Stock
3 terms
restricted stock unit financial
"Each restricted stock unit represents the right to receive one share of common stock of the issuer as described in the next sentence."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"The restricted stock units vest in full on the first year anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"Each restricted stock unit represents the right to receive one share of common stock of the issuer as described in the next sentence."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Somnigroup (SGI) director Cathy R. Gates report in this Form 4?
Cathy R. Gates reported receiving 2,657 restricted stock units in Somnigroup common stock. The award was granted at no cash cost and is structured as equity compensation that vests in the future rather than an open-market stock purchase or sale.
What are the key terms of the restricted stock units granted to Somnigroup (SGI) director?
Each restricted stock unit represents one share of Somnigroup common stock. The units vest in full on the first anniversary of the grant date, meaning the director must remain eligible through that date to receive the underlying shares outright.
When do the Somnigroup (SGI) restricted stock units reported by Cathy R. Gates vest?
The restricted stock units vest in full on the first anniversary of the grant date. Once vested, each unit converts into one share of Somnigroup common stock, increasing the director’s freely owned share count, assuming continued eligibility through that date.