Scott Vollet - 03 Jan 2025 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, Global Operations
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Issuer symbol
TPX
Transactions as of
03 Jan 2025
Transactions value $
-$1,780,280
Form type
4
Filing time
06 Jan 2025, 16:16:24 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 +7,322 +1.8% $0 416,779 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$186,115 -3,339 -0.8% $55.74 413,440 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4,019 +0.97% $0 417,459 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$102,171 -1,833 -0.44% $55.74 415,626 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +5,547 +1.3% $0 421,173 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$141,022 -2,530 -0.6% $55.74 418,643 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4,044 +0.97% $0 422,687 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$102,840 -1,845 -0.44% $55.74 420,842 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +29,286 +7% $0 450,128 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$752,490 -13,500 -3% $55.74 436,628 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +4,587 +1.1% $0 441,215 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$116,608 -2,092 -0.47% $55.74 439,123 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +14,911 +3.4% $0 454,034 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$379,032 -6,800 -1.5% $55.74 447,234 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 -7,322 -100% $0 0 03 Jan 2025 Common Stock 7,322 $0 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -4,019 -50% $0 4,019 03 Jan 2025 Common Stock 4,019 $0 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -5,547 -33% $0 11,093 03 Jan 2025 Common Stock 5,547 $0 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -4,044 -25% $0 12,129 03 Jan 2025 Common Stock 4,044 $0 Direct F1, F5
transaction TPX Performance Restricted Stock Units Options Exercise $0 -29,286 -100% $0 0 03 Jan 2025 Common Stock 29,286 $0 Direct F1, F6
transaction TPX Performance Restricted Stock Units Options Exercise $0 -4,587 -50% $0 4,588 03 Jan 2025 Common Stock 4,587 $0 Direct F1, F7
transaction TPX Performance Restricted Stock Units Options Exercise $0 -14,911 -33% $0 29,820 03 Jan 2025 Common Stock 14,911 $0 Direct F1, F8
transaction TPX Restricted Stock Units Award $0 +13,904 $0 13,904 03 Jan 2025 Common Stock 13,904 $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 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.