Gates Cathy R. 4
Research Summary
AI-generated summary
SOMNIGROUP (SGI) Director Cathy Gates Receives 2,657 RSUs
What Happened
- Cathy R. Gates, a director of SOMNIGROUP INTERNATIONAL INC. (SGI), was granted 2,657 restricted stock units (RSUs) on 2026-05-13. The grant is reported at $0.00 per unit (total reported value $0) and is categorized as an award/grant (transaction code A). This is an equity award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely filing).
- Grant: 2,657 RSUs at $0.00 per unit (reported total $0).
- Shares owned after transaction: Not specified in the filing.
- Footnote: Each RSU represents the right to one share of common stock; the RSUs vest in full on the first anniversary of the grant date.
- Transaction type: Award/grant (A). Not a sale or purchase of shares.
Context
- RSU grants are a form of compensation and do not require the insider to pay for the shares up front; they convert to actual shares only upon vesting (here, one year from grant).
- Awards are routine for board members or executives and do not, by themselves, indicate buying or selling sentiment.