H. Clifford Buster III - Feb 4, 2021 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
CEO, North America
Signature
/s/ Bhaskar Rao, Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Feb 4, 2021
Transactions value $
-$1,826,885
Form type
4
Date filed
1/5/2022, 03:22 PM
Previous filing
Sep 16, 2021
Next filing
Jul 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +72.5K +45% $0.00 233K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$1.62M -34.3K -14.68% $47.39 199K Jan 3, 2022 Direct
transaction TPX Common Stock Options Exercise $0 +9.06K +4.55% $0.00 208K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$202K -4.27K -2.05% $47.39 204K Jan 3, 2022 Direct
holding TPX Common Stock 157K Feb 4, 2021 Buster Family Trust

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 Performance Restricted Stock Units Award $0 +217K $0.00 217K Feb 4, 2021 Common Stock 217K $0.00 Direct F2
transaction TPX Performance Restricted Stock Units Options Exercise $0 -72.5K -33.33% $0.00 145K Jan 3, 2022 Common Stock 72.5K $0.00 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -9.06K -33.34% $0.00 18.1K Jan 3, 2022 Common Stock 9.06K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -33.8K -50% $0.00 33.8K Jan 4, 2022 Common Stock 33.8K $0.00 Direct F4
transaction TPX Restricted Stock Units Options Exercise $0 -33.8K -100% $0.00* 0 Jan 4, 2022 Common Stock 33.8K $0.00 Direct F4
* 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 February 4, 2021, the Compensation Committee of the Board of Directors determined that the maximum performance condition for the performance restricted stock units (PRSUs) granted on January 3, 2020 was achieved. The PRSUs vest in approximately three equal installments on January 3, 2022, 2023 and 2024 and have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.
F3 The restricted stock units ("RSUs") were previously reported as a grant of 9,058 RSUs vesting in four annual installments on January 3, 2021, 2022, 2023 and 2024. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.
F4 The restricted stock units ("RSUs") were previously reported as a grant of 33,760 RSUs vesting in four annual installments on January 4, 2020, 2021, 2022 and 2023. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.