Somnigroup International Inc (SGI US, +1, 5-Dec-25)

Simon Dyer (Non-Executive since Jan 2022) purchased $3 million worth of stock on December 2nd at $93.40, multiplying his combined holdings nearly 5x. The purchase was made indirectly on behalf of Madad Investment Pty Ltd, which he controls. Note that he is a non independent director due to various joint ventures between the company and Dyer Group, in which he is an executive. 

This is his first purchase in the company and follows very strong share price performance. The purchase was made the day after the Company submitted a proposal to acquire Leggett & Platt for $1.6 billion. He has already met the ownership requirement of 5x annual base fee ($550,000). This is also the first purchase by any insider since May 2018. 

We are ranking the stock +1 (strongly positive signal).

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