H. Clifford Buster III - Nov 9, 2022 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: Nov 9, 2022
Transactions value $: -$209,403
Form type: 4
Date filed: 11/10/2022, 03:02 PM
Previous filing: Mar 14, 2022
Next filing: Jan 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPX	Common Stock	Options Exercise	$0	+15K	+8.71%	$0.00	188K	Nov 9, 2022	Direct	F1
transaction	TPX	Common Stock	Tax liability	-$209K	-7.08K	-3.77%	$29.56	181K	Nov 9, 2022	Direct
holding	TPX	Common Stock						220K	Nov 9, 2022	Buster Family Trust	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	Performance Restricted Stock Units	Options Exercise	$0	-15K	-100%	$0.00^*	0	Nov 9, 2022	Common Stock	15K	$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	Each restricted stock unit represents a contingent right to receive one share of Tempur Sealy International, Inc. common stock.
F2	These shares of TPX common stock are held by a family trust of which the reporting person is trustee. The reporting person and his spouse are the sole beneficiaries of the trust.
F3	The matching performance restricted stock units ("MPRSUs") were previously reported as a grant of 18,800 MPRSUs, subject to a performance condition that was deemed satisfied on March 5, 2019. The MPRSUs vested in five annual installments beginning on March 5, 2019 and continuing on November 9, 2019, 2020, 2021 and 2022. The MPRSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.