Scott Vollet - Jan 3, 2025 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, Global Operations
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Jan 3, 2025
Transactions value $
-$1,780,280
Form type
4
Date filed
1/6/2025, 04:16 PM
Previous filing
Dec 9, 2024
Next filing
Mar 4, 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 +7.32K +1.79% $0.00 417K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$186K -3.34K -0.8% $55.74 413K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4.02K +0.97% $0.00 417K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$102K -1.83K -0.44% $55.74 416K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +5.55K +1.33% $0.00 421K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$141K -2.53K -0.6% $55.74 419K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4.04K +0.97% $0.00 423K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$103K -1.85K -0.44% $55.74 421K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +29.3K +6.96% $0.00 450K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$752K -13.5K -3% $55.74 437K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4.59K +1.05% $0.00 441K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$117K -2.09K -0.47% $55.74 439K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +14.9K +3.4% $0.00 454K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$379K -6.8K -1.5% $55.74 447K Jan 3, 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 -7.32K -100% $0.00 0 Jan 3, 2025 Common Stock 7.32K $0.00 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -4.02K -50% $0.00 4.02K Jan 3, 2025 Common Stock 4.02K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -5.55K -33.34% $0.00 11.1K Jan 3, 2025 Common Stock 5.55K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -4.04K -25% $0.00 12.1K Jan 3, 2025 Common Stock 4.04K $0.00 Direct F1, F5
transaction TPX Performance Restricted Stock Units Options Exercise $0 -29.3K -100% $0.00 0 Jan 3, 2025 Common Stock 29.3K $0.00 Direct F1, F6
transaction TPX Performance Restricted Stock Units Options Exercise $0 -4.59K -49.99% $0.00 4.59K Jan 3, 2025 Common Stock 4.59K $0.00 Direct F1, F7
transaction TPX Performance Restricted Stock Units Options Exercise $0 -14.9K -33.33% $0.00 29.8K Jan 3, 2025 Common Stock 14.9K $0.00 Direct F1, F8
transaction TPX Restricted Stock Units Award $0 +13.9K $0.00 13.9K Jan 3, 2025 Common Stock 13.9K $0.00 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 29,290 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 16,076 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 22,187 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 16,173 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 13,904 restricted stock units, vesting in four annual installments beginning on January 4, 2026.