Steven H. Rusing - Jan 3, 2024 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 3, 2024
Transactions value $
-$1,179,247
Form type
4
Date filed
1/4/2024, 04:21 PM
Previous filing
Feb 22, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +46.8K +25.64% $0.00 229K Jan 3, 2024 Direct F1
transaction TPX Common Stock Tax liability -$1.05M -21.7K -9.48% $48.31 207K Jan 3, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +5.84K +2.82% $0.00 213K Jan 3, 2024 Direct F1
transaction TPX Common Stock Tax liability -$130K -2.7K -1.26% $48.31 211K Jan 3, 2024 Direct
holding TPX Common Stock 22.4K Jan 3, 2024 Family limited liability company 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 -46.8K -100% $0.00* 0 Jan 3, 2024 Common Stock 46.8K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -5.84K -100% $0.00* 0 Jan 3, 2024 Common Stock 5.84K $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 Share numbers have been adjusted to reflect changes in form of beneficial ownership in a transfer exempt from Section 16, pursuant to Rule 16a-13 under the Securities Act of 1934, as amended.
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 vested 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 5,844 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.