Steven H. Rusing - Jan 4, 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, President, U.S. Sales
Signature
/s/ Bhaskar Rao, Attorney in Fact
Stock symbol
TPX
Transactions as of
Jan 4, 2023
Transactions value $
-$950,725
Form type
4
Date filed
1/6/2023, 03:03 PM
Previous filing
Jan 5, 2023
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +29.3K +16.88% $0.00 203K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$477K -13.7K -6.73% $34.93 189K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +4.02K +2.12% $0.00 193K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$65.4K -1.87K -0.97% $34.93 191K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +7.32K +3.83% $0.00 199K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$119K -3.41K -1.72% $34.93 195K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +17.8K +9.1% $0.00 213K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$289K -8.28K -3.89% $34.93 205K Jan 4, 2023 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 Options Exercise $0 -29.3K -33.34% $0.00 58.6K Jan 4, 2023 Common Stock 29.3K $0.00 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -4.02K -25% $0.00 12.1K Jan 4, 2023 Common Stock 4.02K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -7.32K -33.34% $0.00 14.6K Jan 4, 2023 Common Stock 7.32K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -17.8K -100% $0.00* 0 Jan 4, 2023 Common Stock 17.8K $0.00 Direct F1, F5
transaction TPX Restricted Stock Units Award $0 +22.2K $0.00 22.2K Jan 4, 2023 Common Stock 22.2K $0.00 Direct F6
* 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 22, 2022, the Compensation Committee of the Board of Directors determined that the maximum performance conditions for the performance restricted stock units (PRSUs) granted on January 4, 2021 were achieved. The PRSUs vest in approximately three equal installments on January 4, 2023, 2024 and 2025.
F3 On January 4, 2022, the reporting person was granted 16,076 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F4 On January 4, 2021, the reporting person was granted 29,290 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 17,768 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.
F6 On January 4, 2023, the reporting person was granted 22,187 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.