H. CLIFFORD BUSTER III - 04 Jan 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
CEO, North America
Signature
/s/ Bhaskar Rao, Attorney-in-Fact
Issuer symbol
TPX
Transactions as of
04 Jan 2023
Net transactions value
-$1,616,351
Form type
4
Filing time
06 Jan 2023, 15:06:46 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 +47,244 +21% $0.000000 271,246 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $769,019 -22,016 -8.1% $34.93 249,230 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +6,482 +2.6% $0.000000 255,712 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $105,524 -3,021 -1.2% $34.93 252,691 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +11,810 +4.7% $0.000000 264,501 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $192,255 -5,504 -2.1% $34.93 258,997 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +33,760 +13% $0.000000 292,757 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $549,554 -15,733 -5.4% $34.93 277,024 04 Jan 2023 Direct
holding TPX Common Stock 220,429 04 Jan 2023 Buster Family Trust F2

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 -47,244 -33% $0.000000 94,479 04 Jan 2023 Common Stock 47,244 $0.000000 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -6,482 -25% $0.000000 19,446 04 Jan 2023 Common Stock 6,482 $0.000000 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -11,810 -33% $0.000000 23,620 04 Jan 2023 Common Stock 11,810 $0.000000 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -33,760 -100% $0.000000* 0 04 Jan 2023 Common Stock 33,760 $0.000000 Direct F1, F6
transaction TPX Restricted Stock Units Award $0 +35,786 $0.000000 35,786 04 Jan 2023 Common Stock 35,786 $0.000000 Direct F7
* 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 These shares of TPX common stock are held by a family trust of which the reporting person is trustee. The reporting person and his spouse are the sole beneficiaries of the trust.
F3 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.
F4 On January 4, 2022, the reporting person was granted 25,928 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F5 On January 4, 2021, the reporting person was granted 47,241 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F6 The restricted stock units ("RSUs") were previously reported as a grant of 33,760 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.
F7 On January 4, 2023, the reporting person was granted 35,786 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.