David Montgomery - Aug 10, 2023 Form 4 Insider Report for TEMPUR SEALY INTERNATIONAL, INC. (TPX)

Role
EVP Global Business Strategy
Signature
/s/ Bhaskar Rao Attorney-in-Fact
Stock symbol
TPX
Transactions as of
Aug 10, 2023
Transactions value $
-$2,823,452
Form type
4
Date filed
8/11/2023, 04:03 PM
Previous filing
Feb 22, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPX Common Stock Options Exercise $1.74M +100K +10.82% $17.38 1.02M Aug 10, 2023 Direct
transaction TPX Common Stock Sale -$4.52M -99K -9.67% $45.61 925K Aug 10, 2023 Direct F1
transaction TPX Common Stock Sale -$46K -1K -0.11% $45.98 924K Aug 10, 2023 Direct F2
transaction TPX Common Stock Gift $0 -40K -4.33% $0.00 884K Aug 11, 2023 Direct 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 Stock Option (right to buy) Options Exercise $0 -100K -46.86% $0.00 113K Aug 10, 2023 Common Stock 100K $17.38 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.95 to $45.93. 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.96 to $46.01. 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.
F3 The reporting person gifted the shares to a charitable foundation. The reporting person no longer has beneficial ownership of such shares as he has no beneficial ownership interest in the charitable foundation.
F4 The option was previously reported as covering 53,346 shares at an exercise price of $69.50 per share, vesting in four annual installments on January 5, 2018, 2019, 2020 and 2021. The option and exercise price have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.