H. Clifford Buster III - 04 Jan 2024 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (SGI)

Role
CEO, North America
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Issuer symbol
SGI
Transactions as of
04 Jan 2024
Net transactions value
-$1,808,980
Form type
4
Filing time
08 Jan 2024, 16:30:49 UTC
Previous filing
04 Jan 2024
Next filing
21 Feb 2024
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 +47,244 +18% $0.000000 303,300 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability $1,043,698 -21,780 -7.2% $47.92 281,520 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +7,399 +2.6% $0.000000 288,919 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability $163,455 -3,411 -1.2% $47.92 285,508 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +11,810 +4.1% $0.000000 297,318 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability $260,924 -5,445 -1.8% $47.92 291,873 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +6,482 +2.2% $0.000000 298,355 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability $143,233 -2,989 -1% $47.92 295,366 04 Jan 2024 Direct
transaction TPX Common Stock Options Exercise $0 +8,947 +3% $0.000000 304,313 04 Jan 2024 Direct F1
transaction TPX Common Stock Tax liability $197,670 -4,125 -1.4% $47.92 300,188 04 Jan 2024 Direct
holding TPX Common Stock 201,729 04 Jan 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 -47,244 -50% $0.000000 47,235 04 Jan 2024 Common Stock 47,244 $0.000000 Direct F1, F3
transaction TPX Performance Restricted Stock Units Options Exercise $0 -7,399 -33% $0.000000 14,797 04 Jan 2024 Common Stock 7,399 $0.000000 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -11,810 -50% $0.000000 11,810 04 Jan 2024 Common Stock 11,810 $0.000000 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -6,482 -33% $0.000000 12,964 04 Jan 2024 Common Stock 6,482 $0.000000 Direct F1, F6
transaction TPX Restricted Stock Units Options Exercise $0 -8,947 -25% $0.000000 26,839 04 Jan 2024 Common Stock 8,947 $0.000000 Direct F1, F7
transaction TPX Restricted Stock Units Award $0 +26,085 $0.000000 26,085 04 Jan 2024 Common Stock 26,085 $0.000000 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.