Dyer Simon 4

What Happened Dyer Simon, a director of SOMNIGROUP INTERNATIONAL INC. (SGI), converted restricted stock units (RSUs) into common shares and had shares withheld to cover tax withholding. The filing shows a 2,657-share RSU award on 2026-05-13, a conversion/exercise of 2,337 RSUs into shares on 2026-05-14, and 702 shares withheld (disposed) to satisfy tax obligations at $64.49 per share, totaling approximately $45,272. After withholding, the conversion delivered a net 1,635 shares to the reporting person (2,337 converted minus 702 withheld).

Key Details

• Transaction dates: Grant on 2026-05-13; conversion/exercise and withholding on 2026-05-14; Form 4 filed 2026-05-15 (timely).
• Counts and prices: Award 2,657 RSUs (A); conversion 2,337 RSUs (M); 702 shares withheld for taxes (F) at $64.49/share → ~$45,272.
• Net shares delivered from the conversion: 1,635 shares (2,337 − 702).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes:
  • RSUs convert one-for-one into common stock (F1).
  • The RSUs vest as described in the filing (each RSU equals one share; vesting terms noted: full vesting on first anniversary per footnote) (F3).
  • The reporting person is a shareholder of Madad Investment Pty Ltd and has sole control over that entity’s investment and voting decisions (F2).
• Transaction codes: A = award/grant; M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).

Context This was an RSU award/vesting and conversion with share withholding to cover taxes — a routine administrative transaction rather than an open-market sale or purchase. The withheld shares were surrendered to the issuer to meet tax obligations (not an open-market sale), so these entries do not necessarily signal a change in insider sentiment.