THOMAS A. MURRAY - 04 Jan 2024 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, CMO U.S.
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Issuer symbol
TPX
Transactions as of
04 Jan 2024
Transactions value $
-$465,351
Form type
4
Filing time
08 Jan 2024, 16:28:24 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 +12,282 +7.4% $0 179,021 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$268,399 -5,601 -3.1% $47.92 173,420 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +1,925 +1.1% $0 175,345 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$42,073 -878 -0.5% $47.92 174,467 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +3,071 +1.8% $0 177,538 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$67,135 -1,401 -0.79% $47.92 176,137 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +1,686 +0.96% $0 177,823 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$36,850 -769 -0.43% $47.92 177,054 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +2,327 +1.3% $0 179,381 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability -$50,891 -1,062 -0.59% $47.92 178,319 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 -12,282 -50% $0 12,279 04 Jan 2024 Common Stock 12,282 $0 Direct F1, F2
transaction TPX Performance Restricted Stock Units Options Exercise $0 -1,925 -33% $0 3,845 04 Jan 2024 Common Stock 1,925 $0 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -3,071 -50% $0 3,070 04 Jan 2024 Common Stock 3,071 $0 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -1,686 -33% $0 3,370 04 Jan 2024 Common Stock 1,686 $0 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -2,327 -25% $0 6,978 04 Jan 2024 Common Stock 2,327 $0 Direct F1, F6
transaction TPX Restricted Stock Units Award $0 +6,782 $0 6,782 04 Jan 2024 Common Stock 6,782 $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 12,283 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 6,742 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 9,305 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 6,782 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.