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.