Somnigroup extends CEO Scott Thompson's contract to Dec 2029 with $10M bonus and 1.2M options

SOMNIGROUP INTERNATIONAL INC.

Term extended from Dec 31, 2026 to Dec 31, 2029.
One-time $10M transaction bonus for role in Mattress Firm acquisition, payable around June 30, 2025.
Grant of 1.2M non-qualified stock options in three equal tranches with step-up exercise prices (+$0, +$5, +$10).
Options vest in four equal annual installments; base salary and annual incentive unchanged.
Board notes 250% share price increase since 2015 and ~$3B returned to shareholders via dividends and buybacks.

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