Bhaskar Rao - Jan 4, 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP & Chief Financial Officer
Signature
/s/ Bhaskar Rao
Stock symbol
TPX
Transactions as of
Jan 4, 2023
Transactions value $
-$1,762,318
Form type
4
Date filed
1/6/2023, 03:41 PM
Previous filing
Jan 5, 2023
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $0 +29.3K +9.04% $0.00 353K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$318K -9.11K -2.58% $34.93 344K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +4.02K +1.17% $0.00 348K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$43.7K -1.25K -0.36% $34.93 347K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +7.32K +2.11% $0.00 354K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$79.6K -2.28K -0.64% $34.93 352K Jan 4, 2023 Direct
transaction TPX Common Stock Options Exercise $0 +33.8K +9.59% $0.00 386K Jan 4, 2023 Direct F1
transaction TPX Common Stock Tax liability -$367K -10.5K -2.72% $34.93 375K Jan 4, 2023 Direct
transaction TPX Common Stock Sale -$954K -27.2K -7.25% $35.08 348K Jan 6, 2023 Direct F2, F3

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 -33.34% $0.00 58.6K Jan 4, 2023 Common Stock 29.3K $0.00 Direct F1, F4
transaction TPX Restricted Stock Units Options Exercise $0 -4.02K -25% $0.00 12.1K Jan 4, 2023 Common Stock 4.02K $0.00 Direct F1, F5
transaction TPX Restricted Stock Units Options Exercise $0 -7.32K -33.34% $0.00 14.6K Jan 4, 2023 Common Stock 7.32K $0.00 Direct F1, F6
transaction TPX Restricted Stock Units Options Exercise $0 -33.8K -100% $0.00* 0 Jan 4, 2023 Common Stock 33.8K $0.00 Direct F1, F7
transaction TPX Restricted Stock Units Award $0 +22.2K $0.00 22.2K Jan 4, 2023 Common Stock 22.2K $0.00 Direct 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 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 9, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.22. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
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, 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, 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.
F7 The restricted stock units ("RSUs") were previously reported as a grant of 33,760 RSUs vesting in four annual installments on January 4, 2020, 2021, 2022 and 2023. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.
F8 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.