DAVID MONTGOMERY - 03 Jan 2025 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
03 Jan 2025
Transactions value $
-$1,178,455
Form type
4
Filing time
06 Jan 2025, 16:08:48 UTC
Previous filing
09 Dec 2024
Next filing
04 Mar 2025
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 +4,724 +0.57% $0 839,514 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$123,798 -2,221 -0.26% $55.74 837,293 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +2,593 +0.31% $0 839,886 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$67,947 -1,219 -0.15% $55.74 838,667 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +3,579 +0.43% $0 842,246 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$93,810 -1,683 -0.2% $55.74 840,563 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +2,609 +0.31% $0 843,172 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$68,392 -1,227 -0.15% $55.74 841,945 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +18,897 +2.24% $0 860,842 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$495,082 -8,882 -1.03% $55.74 851,960 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +2,955 +0.35% $0 854,915 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$77,422 -1,389 -0.16% $55.74 853,526 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +9,619 +1.13% $0 863,145 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$252,000 -4,521 -0.52% $55.74 858,624 03 Jan 2025 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 Restricted Stock Units Options Exercise $0 -4,724 -100% $0 0 03 Jan 2025 Common Stock 4,724 $0 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -2,593 -50% $0 2,593 03 Jan 2025 Common Stock 2,593 $0 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -3,579 -33.34% $0 7,157 03 Jan 2025 Common Stock 3,579 $0 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -2,609 -25% $0 7,825 03 Jan 2025 Common Stock 2,609 $0 Direct F1, F5
transaction TPX Performance Restricted Stock Units Options Exercise $0 -18,897 -100% $0 0 03 Jan 2025 Common Stock 18,897 $0 Direct F1, F6
transaction TPX Performance Restricted Stock Units Options Exercise $0 -2,955 -49.95% $0 2,961 03 Jan 2025 Common Stock 2,955 $0 Direct F1, F7
transaction TPX Performance Restricted Stock Units Options Exercise $0 -9,619 -33.33% $0 19,241 03 Jan 2025 Common Stock 9,619 $0 Direct F1, F8
transaction TPX Restricted Stock Units Award $0 +8,970 $0 8,970 03 Jan 2025 Common Stock 8,970 $0 Direct F1, F9
* 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 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.
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, 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.
F5 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.
F6 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.
F7 On January 4, 2022, 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 17, 2023 resulting in the reported number of performance shares received. The PRSUs vest in approximately three equal installments on January 4, 2024, 2025 and 2026.
F8 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.
F9 On January 3, 2025, the reporting person was granted 8,970 restricted stock units, vesting in four annual installments beginning on January 4, 2026.