SCOTT L. THOMPSON - 03 Jan 2025 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (SGI)

Role
CEO & PRESIDENT, Director
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Issuer symbol
SGI
Transactions as of
03 Jan 2025
Net transactions value
-$11,045,996
Form type
4
Filing time
06 Jan 2025, 16:10:29 UTC
Previous filing
03 Dec 2024
Next filing
04 Mar 2025
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 +37,793 +1.3% $0.000000 2,918,795 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability $828,965 -14,872 -0.51% $55.74 2,903,923 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +83,473 +2.9% $0.000000 2,987,396 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability $1,830,892 -32,847 -1.1% $55.74 2,954,549 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +151,170 +5.1% $0.000000 3,105,719 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability $3,315,750 -59,486 -1.9% $55.74 3,046,233 03 Jan 2025 Direct
transaction TPX Common Stock Options Exercise $0 +230,861 +7.6% $0.000000 3,277,094 03 Jan 2025 Direct F1
transaction TPX Common Stock Tax liability $5,070,389 -90,965 -2.8% $55.74 3,186,129 03 Jan 2025 Direct

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 Restricted Stock Units Options Exercise $0 -37,793 -100% $0.000000 0 03 Jan 2025 Common Stock 37,793 $0.000000 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -83,473 -100% $0.000000 0 03 Jan 2025 Common Stock 83,473 $0.000000 Direct F1, F3
transaction TPX Performance Restricted Stock Units Options Exercise $0 -151,170 -100% $0.000000 0 03 Jan 2025 Common Stock 151,170 $0.000000 Direct F1, F4
transaction TPX Performance Restricted Stock Units Options Exercise $0 -230,861 -100% $0.000000 0 03 Jan 2025 Common Stock 230,861 $0.000000 Direct F1, F5
transaction TPX Restricted Stock Units Award $0 +71,762 $0.000000 71,762 03 Jan 2025 Common Stock 71,762 $0.000000 Direct F1, F6
* 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 January 4, 2021, the reporting person was granted 151,172 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
F3 On January 4, 2024, the reporting person was granted 83,473 restricted stock units, vesting in full on the first anniversary of the grant date.
F4 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.
F5 On January 4, 2023, the reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. The Compensation Committee of the Board of Directors determined the payout for each metric on February 16, 2024 resulting in the reported number of performance shares received. The PRSUs vest in full on January 4, 2025.
F6 On January 3, 2025, the reporting person was granted 71,762 restricted stock units, vesting in full on January 4, 2026.