Somnigroup (SGI) awards EVP 9,015 performance units vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Somnigroup International Inc. reported that EVP Global Business Strategy David Montgomery received a grant of 9,015 performance restricted stock units at no cash cost. These units can pay out from 0% to 300% of the target based on adjusted EPS, adjusted EBITDA and strategic initiatives results.
The compensation committee set the final payout on February 26, 2026, resulting in the 9,015 performance shares reported. The PRSUs are scheduled to vest in roughly three equal installments on January 4, 2027, 2028 and 2029, and each unit converts into one share of common stock upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MONTGOMERY DAVID
Role
EVP Global Business Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 9,015 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 9,015 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 insider transaction did Somnigroup (SGI) report for David Montgomery?
Somnigroup reported that EVP Global Business Strategy David Montgomery received 9,015 performance restricted stock units as a compensation grant, with no cash paid per unit and settlement in common stock if vesting and performance conditions are met over several future years.
How many performance restricted stock units did SGI grant in this Form 4?
The Form 4 shows a grant of 9,015 performance restricted stock units to EVP David Montgomery. These units convert into common stock on a one-for-one basis, subject to performance outcomes and a multi-year vesting schedule extending through January 2029.
When do David Montgomery’s Somnigroup (SGI) PRSUs vest?
The performance restricted stock units granted to David Montgomery vest in approximately three equal installments on January 4, 2027, January 4, 2028, and January 4, 2029, provided the award’s performance and service-based conditions are satisfied through those scheduled vesting dates.