THOMAS A. MURRAY - 03 Jan 2025 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
03 Jan 2025
Transactions value $
-$649,650
Form type
4
Filing time
06 Jan 2025, 16:19:11 UTC
Previous filing
21 Feb 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 +3,070 +1.7% $0 181,389 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$67,389 -1,209 -0.67% $55.74 180,180 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1,685 +0.94% $0 181,865 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$37,011 -664 -0.37% $55.74 181,201 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +2,326 +1.3% $0 183,527 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$51,057 -916 -0.5% $55.74 182,611 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1,696 +0.93% $0 184,307 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$37,234 -668 -0.36% $55.74 183,639 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +12,279 +6.7% $0 195,918 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$277,640 -4,981 -2.5% $55.74 190,937 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1,920 +1% $0 192,857 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$42,139 -756 -0.39% $55.74 192,101 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +6,252 +3.3% $0 198,353 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability -$137,176 -2,461 -1.2% $55.74 195,892 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 -3,070 -100% $0 0 03 Jan 2025 Common Stock 3,070 $0 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -1,685 -50% $0 1,685 03 Jan 2025 Common Stock 1,685 $0 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -2,326 -33% $0 4,652 03 Jan 2025 Common Stock 2,326 $0 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -1,696 -25% $0 5,086 03 Jan 2025 Common Stock 1,696 $0 Direct F1, F5
transaction TPX Performance Restricted Stock Units Options Exercise $0 -12,279 -100% $0 0 03 Jan 2025 Common Stock 12,279 $0 Direct F1, F6
transaction TPX Performance Restricted Stock Units Options Exercise $0 -1,920 -50% $0 1,925 03 Jan 2025 Common Stock 1,920 $0 Direct F1, F7
transaction TPX Performance Restricted Stock Units Options Exercise $0 -6,252 -33% $0 12,507 03 Jan 2025 Common Stock 6,252 $0 Direct F1, F8
* 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 12,283 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 6,742 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 9,305 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 6,782 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.