DAVID MONTGOMERY - 04 Jan 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role: EVP Global Business Strategy
Signature: /s/ Bhaskar Rao, Attorney in Fact
Issuer symbol: TPX
Transactions as of: 04 Jan 2023
Transactions value $: -$1,033,264
Form type: 4
Filing time: 06 Jan 2023, 15:02:29 UTC
Previous filing: 05 Jan 2023
Next filing: 22 Feb 2023
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	+18,897	+2.12%	$0	909,777	04 Jan 2023	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$310,248	-8,882	-0.98%	$34.93	900,895	04 Jan 2023	Direct
transaction	TPX	Common Stock	Options Exercise	$0	+2,593	+0.29%	$0	903,488	04 Jan 2023	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$42,579	-1,219	-0.13%	$34.93	902,269	04 Jan 2023	Direct
transaction	TPX	Common Stock	Options Exercise	$0	+4,724	+0.52%	$0	906,993	04 Jan 2023	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$77,579	-2,221	-0.24%	$34.93	904,772	04 Jan 2023	Direct
transaction	TPX	Common Stock	Options Exercise	$0	+36,720	+4.06%	$0	941,492	04 Jan 2023	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$602,856	-17,259	-1.83%	$34.93	924,233	04 Jan 2023	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	Performance Restricted Stock Units	Options Exercise	$0	-18,897	-33.33%	$0	37,794	04 Jan 2023	Common Stock	18,897	$0	Direct	F1, F2
transaction	TPX	Restricted Stock Units	Options Exercise	$0	-2,593	-25%	$0	7,779	04 Jan 2023	Common Stock	2,593	$0	Direct	F1, F3
transaction	TPX	Restricted Stock Units	Options Exercise	$0	-4,724	-33.33%	$0	9,448	04 Jan 2023	Common Stock	4,724	$0	Direct	F1, F4
transaction	TPX	Restricted Stock Units	Options Exercise	$0	-36,720	-100%	$0^*	0	04 Jan 2023	Common Stock	36,720	$0	Direct	F1, F5
transaction	TPX	Restricted Stock Units	Award	$0	+14,315		$0	14,315	04 Jan 2023	Common Stock	14,315	$0	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.
F2	On February 22, 2022, the Compensation Committee of the Board of Directors determined that the maximum performance conditions for the performance restricted stock units (PRSUs) granted on January 4, 2021 were achieved. The PRSUs vest in approximately three equal installments on January 4, 2023, 2024 and 2025.
F3	On January 4, 2022, the reporting person was granted 10,372 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F4	On January 4, 2021, the reporting person was granted 18,897 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F5	The restricted stock units ("RSUs") were previously reported as a grant of 36,721 RSUs vesting in four annual installments on January 4, 2020, 2021, 2022 and 2023. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.
F6	On January 4, 2023, the reporting person was granted 14,315 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.