David Montgomery - Feb 28, 2025 Form 4 Insider Report for SOMNIGROUP INTERNATIONAL INC. (SGI)

Role
EVP Global Business Strategy
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Stock symbol
SGI
Transactions as of
Feb 28, 2025
Transactions value $
-$1,192,403
Form type
4
Date filed
3/4/2025, 05:21 PM
Previous filing
Jan 6, 2025
Next filing
Mar 13, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGI Common Stock Options Exercise $869K +50K +5.82% $17.38 909K Mar 3, 2025 Direct
transaction SGI Common Stock Sale -$2.06M -32.8K -3.61% $62.88 876K Mar 3, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGI Performance Restricted Stock Units Award $0 +12.6K $0.00 12.6K Feb 28, 2025 Common Stock 12.6K $0.00 Direct F2
transaction SGI Stock Option (right to buy) Options Exercise $0 -50K -44.1% $0.00 63.4K Mar 3, 2025 Common Stock 50K $17.38 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.6850 to $63.11. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 On January 4, 2024, 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 28, 2025 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2026, 2027 and 2028.
F3 The option was previously reported as covering 53,346 shares at an exercise price of $69.50 per share, vesting in four annual installments on January 5, 2018, 2019, 2020 and 2021. The option and exercise price have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.