Somnigroup (SGI) director Richard Neu granted 2,657 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NEU RICHARD W reported acquisition or exercise transactions in this Form 4 filing.
Somnigroup International Inc. director Richard W. Neu reported an award of 2,657 restricted stock units tied to the company’s common stock. Each unit represents the right to receive one share of common stock, and the units vest in full on the first anniversary of the grant date. Following this equity award, Neu directly holds 173,812 shares of Somnigroup common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEU RICHARD W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,657 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 173,812 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU award size: 2,657 units
Award price per share: $0.0000 per share
Shares after transaction: 173,812 shares
3 metrics
RSU award size
2,657 units
Restricted stock units granted to director Richard W. Neu
Award price per share
$0.0000 per share
Reported grant price for the 2,657-share award
Shares after transaction
173,812 shares
Neu’s direct Somnigroup common stock holdings following the award
Key Terms
restricted stock unit, vest in full, grant, award, or other acquisition
3 terms
restricted stock unit financial
"Each restricted stock unit represents the right to receive one share of common stock of the issuer"
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 in full financial
"The restricted stock units vest in full on the first year anniversary of the grant date"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Somnigroup International (SGI) report for Richard W. Neu?
Somnigroup International reported that director Richard W. Neu received an award of 2,657 restricted stock units. Each unit represents the right to receive one share of common stock, increasing his direct holdings to 173,812 shares after the award.
What type of equity did Somnigroup (SGI) grant to director Richard W. Neu?
Somnigroup granted Richard W. Neu 2,657 restricted stock units. Each restricted stock unit represents the right to receive one share of common stock, subject to vesting conditions described in the filing’s footnote disclosure.
When do Richard W. Neu’s Somnigroup restricted stock units vest?
The restricted stock units awarded to Richard W. Neu vest in full on the first anniversary of the grant date. After vesting, each unit converts into one share of Somnigroup common stock, according to the terms disclosed.
Was Richard W. Neu’s Somnigroup equity award a market purchase or a grant?
The filing classifies Richard W. Neu’s transaction as a grant or award acquisition, not an open-market purchase. The 2,657 restricted stock units were granted at no cash cost per share, reflecting compensation rather than a market trade.