H. Clifford Buster III - Jan 3, 2023 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
Jan 3, 2023
Transactions value $
-$1,291,297
Form type
4
Date filed
1/5/2023, 03:05 PM
Previous filing
Nov 10, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +72.5K +40.11% $0.00 253K Jan 3, 2023 Direct F1
transaction TPX Common Stock Tax liability -$1.15M -34K -13.44% $33.77 219K Jan 3, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +9.06K +4.13% $0.00 228K Jan 3, 2023 Direct F1
transaction TPX Common Stock Tax liability -$143K -4.22K -1.85% $33.77 224K Jan 3, 2023 Direct
holding TPX Common Stock 220K Jan 3, 2023 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 -72.5K -50.01% $0.00 72.5K Jan 3, 2023 Common Stock 72.5K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -9.06K -50% $0.00 9.06K Jan 3, 2023 Common Stock 9.06K $0.00 Direct F1, 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 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 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.
F4 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.