David Montgomery - Jan 4, 2022 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP Global Business Strategy
Signature
/s/ Bhaskar Rao, Attorney in Fact
Stock symbol
TPX
Transactions as of
Jan 4, 2022
Transactions value $
-$1,326,790
Form type
4
Date filed
1/6/2022, 03:23 PM
Previous filing
Jan 5, 2022
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +36.7K +3.92% $0.00 973K Jan 4, 2022 Direct F1
transaction TPX Common Stock Tax liability -$832K -17.3K -1.77% $48.21 956K Jan 4, 2022 Direct
transaction TPX Common Stock Options Exercise $0 +4.73K +0.49% $0.00 961K Jan 4, 2022 Direct F1
transaction TPX Common Stock Tax liability -$107K -2.22K -0.23% $48.21 958K Jan 4, 2022 Direct
transaction TPX Common Stock Options Exercise $0 +17.6K +1.84% $0.00 976K Jan 5, 2022 Direct F1
transaction TPX Common Stock Tax liability -$388K -8.28K -0.85% $46.83 968K Jan 5, 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 Restricted Stock Units Award $0 +10.4K $0.00 10.4K Jan 4, 2022 Common Stock 10.4K $0.00 Direct F2
transaction TPX Restricted Stock Units Options Exercise $0 -36.7K -50% $0.00 36.7K Jan 4, 2022 Common Stock 36.7K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -4.73K -25% $0.00 14.2K Jan 4, 2022 Common Stock 4.73K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -17.6K -100% $0.00* 0 Jan 5, 2022 Common Stock 17.6K $0.00 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On January 4, 2022, the reporting person was granted 10,372 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F3 The restricted stock units ("RSUs") were previously reported as a grant of 36,721 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.
F4 On January 4, 2021, the reporting person was granted 18,897 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F5 The restricted stock units ("RSUs") were previously reported as a grant of 17,614 RSUs vesting in four annual installments on January 5, 2019, 2020, 2021 and 2022. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.