Madden Meredith Siegfried 4
Research Summary
AI-generated summary
SOMNIGROUP (SGI) Director Madden Siegfried Receives RSU Award
What Happened
- Madden Meredith Siegfried, a director of SOMNIGROUP INTERNATIONAL INC. (SGI), was granted 2,657 restricted stock units (RSUs) on 2026-05-13. The filing reports an acquisition price of $0.00 (typical for RSU awards); the grant itself is recorded on the Form 4 filed 2026-05-15.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15
- Grant: 2,657 restricted stock units (reported acquisition price $0.00)
- Shares owned after transaction: Not specified in this filing
- Footnote: Each RSU represents the right to one share; the RSUs vest in full on the first anniversary of the grant date (per footnote F1)
- No 10b5-1 plan, sale, or option exercise was reported in this filing
Context
- RSUs are a form of compensation that convert into shares upon vesting; no cash was paid to acquire these units at grant. Such grants are common for executives and directors and are not the same as an open-market purchase or sale. This award does not indicate an immediate sale or other trading activity.