Bhaskar Rao - 13 Oct 2021 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role: EVP & Chief Financial Officer
Signature: /s/ Bhaskar Rao
Issuer symbol: TPX
Transactions as of: 13 Oct 2021
Transactions value $: -$166,484
Form type: 4
Filing time: 14 Oct 2021, 16:16:40 UTC
Previous filing: 07 Sep 2021
Next filing: 06 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPX	Common Stock	Options Exercise	$0	+11,968	+5.7%	$0	220,928	13 Oct 2021	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$166,483	-3,782	-1.7%	$44.02	217,146	13 Oct 2021	Direct

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	TPX	Restricted Stock Units	Options Exercise	$0	-11,968	-100%	$0^*	0	13 Oct 2021	Common Stock	11,968	$0	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	The restricted stock units ("RSUs") were previously reported as a grant of 11,969 RSUs, subject to a performance condition that was deemed satisfied on March 5, 2019. The RSUs vested in four annual installments beginning on March 5, 2019 and continuing on October 13, 2019, 2020 and 2021. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.