MONTGOMERY DAVID 4
4 · SOMNIGROUP INTERNATIONAL INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
SOMNIGROUP (SGI) EVP David Montgomery Receives 9,015-Share Award
What Happened David Montgomery, Executive Vice President, Global Business Strategy at SomniGroup International Inc. (SGI), was issued 9,015 shares on February 26, 2026 as the result of performance-based restricted stock units (PRSUs). The reported acquisition price is $0 because this was an award/derivative issuance (not an open-market purchase or sale). These performance shares were determined by the board committee based on company performance metrics and will vest in future installments.
Key Details
- Transaction date and type: 2026-02-26 — Award/Grant of 9,015 shares (code A; derivative).
- Price reported: $0.00 (award/derivative conversion, not a cash purchase).
- Shares owned after transaction: Not stated in the filing.
- Footnotes of note:
- F1: PRSUs and RSUs convert into common stock on a one-for-one basis.
- F2: The PRSUs were originally granted Jan 3, 2025 at target; payout (0–300% of target) was determined Feb 26, 2026 based on adjusted EPS, adjusted EBITDA and Strategic Initiatives. The resulting performance shares vest in roughly three equal installments on Jan 4, 2027, 2028 and 2029.
- Filing timeliness: Transaction reported on Form 4 filed Mar 2, 2026 for a Feb 26, 2026 transaction — this appears to be later than the usual 2-business-day Form 4 deadline.
Context This was an award of performance-based restricted stock units that converted into reported shares based on the company’s performance metrics and the committee’s payout decision. Because the award carries vesting conditions and a multi-year schedule, it is not the same as a straight purchase or sale and does not in itself indicate immediate insider buying or selling.
Insider Transaction Report
- Award
Performance Restricted Stock Units
[F1][F2]2026-02-26+9,015→ 9,015 totalExercise: $0.00→ Common Stock (9,015 underlying)
Footnotes (2)
- [F1]Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.
- [F2]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.