Steven H. Rusing - Jan 4, 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 4, 2024
Transactions value $
-$1,121,520
Form type
4
Date filed
1/8/2024, 04:23 PM
Previous filing
Jan 4, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +29.3K +13.91% $0.00 240K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$647K -13.5K -5.63% $47.92 226K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +4.59K +2.03% $0.00 231K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$101K -2.11K -0.92% $47.92 229K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +7.32K +3.2% $0.00 236K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$162K -3.38K -1.43% $47.92 233K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +4.02K +1.73% $0.00 237K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$88.8K -1.85K -0.78% $47.92 235K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +5.55K +2.36% $0.00 240K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$123K -2.56K -1.06% $47.92 238K Jan 4, 2024 Direct
holding TPX Common Stock 22.4K Jan 4, 2024 Family limited liability company

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 -50% $0.00 29.3K Jan 4, 2024 Common Stock 29.3K $0.00 Direct F1, F2
transaction TPX Performance Restricted Stock Units Options Exercise $0 -4.59K -33.32% $0.00 9.18K Jan 4, 2024 Common Stock 4.59K $0.00 Direct F1, F3
transaction TPX Restricted Stock Units Options Exercise $0 -7.32K -50% $0.00 7.32K Jan 4, 2024 Common Stock 7.32K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -4.02K -33.33% $0.00 8.04K Jan 4, 2024 Common Stock 4.02K $0.00 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -5.55K -25% $0.00 16.6K Jan 4, 2024 Common Stock 5.55K $0.00 Direct F1, F6
transaction TPX Restricted Stock Units Award $0 +16.2K $0.00 16.2K Jan 4, 2024 Common Stock 16.2K $0.00 Direct F1, 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 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 February 17, 2023, the Compensation Committee of the Board of Directors determined the payout for each performance metric for the PRSUs granted on January 4, 2022. The PRSUs vest in approximately three equal installments on January 4, 2024, 2025 and 2026.
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 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.
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.
F7 On January 4, 2024, the reporting person was granted 16,173 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.