Scott Vollet - 04 Jan 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (SGI)

Role
EVP, Global Operations
Signature
/s/ Bhaskar Rao, Attorney-in-Fact
Issuer symbol
SGI
Transactions as of
04 Jan 2023
Net transactions value
-$1,198,029
Form type
4
Filing time
06 Jan 2023, 15:05:14 UTC
Previous filing
05 Jan 2023
Next filing
22 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +29,295 +9.7% $0.000000 330,585 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $471,730 -13,505 -4.1% $34.93 317,080 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +4,019 +1.3% $0.000000 321,099 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $64,725 -1,853 -0.58% $34.93 319,246 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +7,323 +2.3% $0.000000 326,569 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $117,924 -3,376 -1% $34.93 323,193 04 Jan 2023 Direct
transaction TPX Common Stock Options Exercise $0 +33,760 +10% $0.000000 356,953 04 Jan 2023 Direct F1
transaction TPX Common Stock Tax liability $543,651 -15,564 -4.4% $34.93 341,389 04 Jan 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 -29,295 -33% $0.000000 58,575 04 Jan 2023 Common Stock 29,295 $0.000000 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -4,019 -25% $0.000000 12,057 04 Jan 2023 Common Stock 4,019 $0.000000 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -7,323 -33% $0.000000 14,644 04 Jan 2023 Common Stock 7,323 $0.000000 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -33,760 -100% $0.000000* 0 04 Jan 2023 Common Stock 33,760 $0.000000 Direct F1, F5
transaction TPX Restricted Stock Units Award $0 +22,187 $0.000000 22,187 04 Jan 2023 Common Stock 22,187 $0.000000 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 33,760 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.