Bhaskar Rao - Feb 4, 2021 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP & Chief Financial Officer
Signature
/s/ Bhaskar Rao
Stock symbol
TPX
Transactions as of
Feb 4, 2021
Transactions value $
-$1,807,502
Form type
4
Date filed
1/5/2022, 03:25 PM
Next filing
Jun 7, 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 +33.37% $0.00 290K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$1.61M -33.9K -11.71% $47.39 256K Jan 3, 2022 Direct
transaction TPX Common Stock Options Exercise $0 +9.06K +3.54% $0.00 265K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$200K -4.22K -1.59% $47.39 261K Jan 3, 2022 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 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
* 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.