THOMPSON SCOTT L 4
Research Summary
AI-generated summary
SOMNIGROUP (SGI) CEO Scott L. Thompson Receives 72,120 RSUs
What Happened Scott L. Thompson, CEO, President and a director of SOMNIGROUP INTERNATIONAL INC. (SGI), was granted/received 72,120 performance/restricted stock units (derivative award) on February 26, 2026. The units were awarded at $0.00 per share (no cash paid). These are equity compensation awards (not an open-market purchase or sale).
Key Details
- Transaction date and type: 2026-02-26 — Award/Grant of 72,120 performance restricted stock units (Form 4 code A).
- Price/value: $0.00 per share; total reported cash consideration $0 (compensation award).
- Vesting/conversion: PRSUs and RSUs convert one-for-one into common stock; the PRSUs vest in full on January 4, 2027 (per footnotes).
- Origin of award: Target PRSUs were granted Jan 3, 2025; payout (0–300% of target) was determined by the board committee on Feb 26, 2026 based on adjusted EPS, adjusted EBITDA and Strategic Initiatives, producing the reported number (footnote).
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filing date 2026-03-02 for a 2026-02-26 transaction — filed within the standard two business-day window.
Context This is a compensation-related equity award reflecting the settled performance payout from a prior grant rather than a market buy or sale. Such awards are common for executives and represent potential future shares if vesting conditions are met; they do not indicate an immediate cash purchase or sale by the insider.