H. Clifford Buster III - Jan 4, 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 4, 2023
Transactions value $
-$1,616,351
Form type
4
Date filed
1/6/2023, 03:06 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 +47.2K +21.09% $0.00 271K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$769K -22K -8.12% $34.93 249K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +6.48K +2.6% $0.00 256K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$106K -3.02K -1.18% $34.93 253K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +11.8K +4.67% $0.00 265K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$192K -5.5K -2.08% $34.93 259K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +33.8K +13.03% $0.00 293K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$550K -15.7K -5.37% $34.93 277K Jan 4, 2023 Direct
holding TPX Common Stock 220K Jan 4, 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 -47.2K -33.34% $0.00 94.5K Jan 4, 2023 Common Stock 47.2K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -6.48K -25% $0.00 19.4K Jan 4, 2023 Common Stock 6.48K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -11.8K -33.33% $0.00 23.6K Jan 4, 2023 Common Stock 11.8K $0.00 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -33.8K -100% $0.00* 0 Jan 4, 2023 Common Stock 33.8K $0.00 Direct F1, F6
transaction TPX Restricted Stock Units Award $0 +35.8K $0.00 35.8K Jan 4, 2023 Common Stock 35.8K $0.00 Direct F7
* 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 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.
F4 On January 4, 2022, the reporting person was granted 25,928 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F5 On January 4, 2021, the reporting person was granted 47,241 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F6 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.
F7 On January 4, 2023, the reporting person was granted 35,786 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.