Hansbart Wijnand - Jan 3, 2022 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP, INTERNATIONAL
Signature
/s/ Bhaskar Rao, Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Jan 3, 2022
Transactions value $
-$351,776
Form type
4
Date filed
1/5/2022, 03:09 PM
Previous filing
Jan 5, 2022
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +14K $0.00 14K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$313K -6.6K -47% $47.39 7.44K Jan 3, 2022 Direct
transaction TPX Common Stock Options Exercise $0 +1.75K +23.55% $0.00 9.19K Jan 3, 2022 Direct F1
transaction TPX Common Stock Tax liability -$39K -824 -8.96% $47.39 8.37K Jan 3, 2022 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 Performance Restricted Stock Units Options Exercise $0 -14K -33.37% $0.00 28K Jan 3, 2022 Common Stock 14K $0.00 Direct F1, F2
transaction TPX Restricted Stock Units Options Exercise $0 -1.75K -33.33% $0.00 3.5K Jan 3, 2022 Common Stock 1.75K $0.00 Direct F1, F3
* 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 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 vest 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.
F3 On January 3, 2020, the reporting person was granted 7,012 restricted stock units (RSUs). Pursuant to the award agreement, one installment of 1,756 RSUs vested and were distributed to the reporting person on January 3, 2021. The remaining three installments of 1,752 RSUs each vest on January 3, 2022, 2023 and 2024, respectively. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.