H. Clifford Buster III - Jan 4, 2024 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, 2024
Transactions value $
-$1,808,980
Form type
4
Date filed
1/8/2024, 04:30 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 +47.2K +18.45% $0.00 303K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$1.04M -21.8K -7.18% $47.92 282K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +7.4K +2.63% $0.00 289K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$163K -3.41K -1.18% $47.92 286K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +11.8K +4.14% $0.00 297K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$261K -5.45K -1.83% $47.92 292K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +6.48K +2.22% $0.00 298K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$143K -2.99K -1% $47.92 295K Jan 4, 2024 Direct
transaction TPX Common Stock Options Exercise $0 +8.95K +3.03% $0.00 304K Jan 4, 2024 Direct F1
transaction TPX Common Stock Tax liability -$198K -4.13K -1.36% $47.92 300K Jan 4, 2024 Direct
holding TPX Common Stock 202K Jan 4, 2024 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 -50% $0.00 47.2K Jan 4, 2024 Common Stock 47.2K $0.00 Direct F1, F3
transaction TPX Performance Restricted Stock Units Options Exercise $0 -7.4K -33.33% $0.00 14.8K Jan 4, 2024 Common Stock 7.4K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -11.8K -50% $0.00 11.8K Jan 4, 2024 Common Stock 11.8K $0.00 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -6.48K -33.33% $0.00 13K Jan 4, 2024 Common Stock 6.48K $0.00 Direct F1, F6
transaction TPX Restricted Stock Units Options Exercise $0 -8.95K -25% $0.00 26.8K Jan 4, 2024 Common Stock 8.95K $0.00 Direct F1, F7
transaction TPX Restricted Stock Units Award $0 +26.1K $0.00 26.1K Jan 4, 2024 Common Stock 26.1K $0.00 Direct F1, F8
* 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's spouse is the sole beneficiary 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 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.
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 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.
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.
F8 On January 4, 2024, the reporting person was granted 26,085 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.