DAVID MONTGOMERY - 16 Feb 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
16 Feb 2024
Transactions value $
$0
Form type
4
Filing time
21 Feb 2024, 16:25:32 UTC
Previous filing
08 Jan 2024
Next filing
09 Dec 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 Gift $0 -60,000 -6.4% $0 884,790 20 Feb 2024 Direct F1

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 Award $0 +28,860 $0 28,860 16 Feb 2024 Common Stock 28,860 $0 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person gifted the shares to a charitable foundation. The reporting person no longer has beneficial ownership of such shares as he has no beneficial ownership interest in the charitable foundation.
F2 On January 4, 2023, the reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. The Compensation Committee of the Board of Directors determined the payout for each metric on February 16, 2024 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2025, 2026 and 2027.