Thomas A. Murray - Jan 3, 2025 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, CMO U.S.
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Jan 3, 2025
Transactions value $
-$649,650
Form type
4
Date filed
1/6/2025, 04:19 PM
Previous filing
Feb 21, 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 +3.07K +1.72% $0.00 181K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$67.4K -1.21K -0.67% $55.74 180K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1.69K +0.94% $0.00 182K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$37K -664 -0.37% $55.74 181K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +2.33K +1.28% $0.00 184K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$51.1K -916 -0.5% $55.74 183K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1.7K +0.93% $0.00 184K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$37.2K -668 -0.36% $55.74 184K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +12.3K +6.69% $0.00 196K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$278K -4.98K -2.54% $55.74 191K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +1.92K +1.01% $0.00 193K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$42.1K -756 -0.39% $55.74 192K Jan 3, 2025 Direct
transaction TPX Common Stock Options Exercise $0 +6.25K +3.25% $0.00 198K Jan 3, 2025 Direct F1
transaction TPX Common Stock Tax liability -$137K -2.46K -1.24% $55.74 196K 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 -3.07K -100% $0.00 0 Jan 3, 2025 Common Stock 3.07K $0.00 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -1.69K -50% $0.00 1.69K Jan 3, 2025 Common Stock 1.69K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -2.33K -33.33% $0.00 4.65K Jan 3, 2025 Common Stock 2.33K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -1.7K -25.01% $0.00 5.09K Jan 3, 2025 Common Stock 1.7K $0.00 Direct F1, F5
transaction TPX Performance Restricted Stock Units Options Exercise $0 -12.3K -100% $0.00 0 Jan 3, 2025 Common Stock 12.3K $0.00 Direct F1, F6
transaction TPX Performance Restricted Stock Units Options Exercise $0 -1.92K -49.93% $0.00 1.93K Jan 3, 2025 Common Stock 1.92K $0.00 Direct F1, F7
transaction TPX Performance Restricted Stock Units Options Exercise $0 -6.25K -33.33% $0.00 12.5K Jan 3, 2025 Common Stock 6.25K $0.00 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.