Scott Vollet - Jul 29, 2021 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Signature
/s/ Bhaskar Rao, Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Jul 29, 2021
Transactions value $
-$1,566,285
Form type
4
Date filed
8/2/2021, 04:06 PM
Previous filing
May 10, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $881K +56.4K +30.68% $15.61 240K Jul 29, 2021 Direct
transaction TPX Common Stock Sale -$2.45M -56.4K -23.48% $43.36 184K Jul 29, 2021 Direct F1, F2

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 Stock Options (right to buy) Options Exercise $0 -56.4K -75% $0.00 18.8K Jul 29, 2021 Common Stock 56.4K $15.61 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 28, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.85. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The option was previously reported as covering 18,812 shares at an exercise price of $62.45 per share, vesting in four annual installments on January 5, 2019, 2020, 2021 and 2022. The option and exercise price have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.