NEU RICHARD W 4
Research Summary
AI-generated summary
SOMNIGROUP (SGI) Director Richard W. Neu Receives 2,657 RSU Award
What Happened
Richard W. Neu, a director of SOMNIGROUP INTERNATIONAL INC. (SGI), was granted 2,657 restricted stock units (RSUs) on 2026-05-13, reported on a Form 4 filed 2026-05-15. The filing lists an acquisition (code A) of 2,657 shares at a reported price of $0.00 (award/grant), so no cash purchase is recorded in the filing. The RSUs represent the right to receive one share of common stock per unit and vest in full one year after the grant date.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely — within typical two-business-day window).
- Transaction type/code: Award/Grant (A).
- Amount: 2,657 restricted stock units; price shown: $0.00.
- Vesting/footnote: Each RSU converts to one share and vests in full on the first anniversary of the grant (per footnote).
- Shares owned after transaction: Not specified in this filing.
- No 10b5-1 plan, tax withholding, or cashless-sell details are reported here.
Context
RSUs are a form of equity compensation that do not immediately increase the company’s free-floating shares until they vest and are delivered; they typically create taxable income for the recipient at vesting. This grant is an award rather than an open-market purchase or sale, so it signals compensation alignment but is not a direct market-priced insider purchase.