DAVID MONTGOMERY - 04 Jan 2024 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 2024
Transactions value $
-$737,824
Form type
4
Filing time
08 Jan 2024, 16:15:29 UTC
Previous filing
04 Jan 2024
Next filing
21 Feb 2024
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 +2.04% $0 946,330 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$425,625 -8,882 -0.94% $47.92 937,448 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +2,961 +0.32% $0 940,409 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$66,704 -1,392 -0.15% $47.92 939,017 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +4,724 +0.5% $0 943,741 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$106,430 -2,221 -0.24% $47.92 941,520 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +2,593 +0.28% $0 944,113 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$58,414 -1,219 -0.13% $47.92 942,894 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +3,579 +0.38% $0 946,473 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$80,649 -1,683 -0.18% $47.92 944,790 04 Jan 2024 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 -50% $0 18,897 04 Jan 2024 Common Stock 18,897 $0 Direct F1, F2
transaction TPX Performance Restricted Stock Units Options Exercise $0 -2,961 -33.36% $0 5,916 04 Jan 2024 Common Stock 2,961 $0 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -4,724 -50% $0 4,724 04 Jan 2024 Common Stock 4,724 $0 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -2,593 -33.33% $0 5,186 04 Jan 2024 Common Stock 2,593 $0 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -3,579 -25% $0 10,736 04 Jan 2024 Common Stock 3,579 $0 Direct F1, F6
transaction TPX Restricted Stock Units Award $0 +10,434 $0 10,434 04 Jan 2024 Common Stock 10,434 $0 Direct F1, 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 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 February 17, 2023, the Compensation Committee of the Board of Directors determined the payout for each performance metric for the PRSUs granted on January 4, 2022. The PRSUs vest in approximately three equal installments on January 4, 2024, 2025 and 2026.
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 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.
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.
F7 On January 4, 2024, the reporting person was granted 10,434 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.