0001206264-23-000032.txt : 20230106
0001206264-23-000032.hdr.sgml : 20230106
20230106164141
ACCESSION NUMBER: 0001206264-23-000032
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230104
FILED AS OF DATE: 20230106
DATE AS OF CHANGE: 20230106
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rao Bhaskar
CENTRAL INDEX KEY: 0001365211
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31922
FILM NUMBER: 23515577
MAIL ADDRESS:
STREET 1: TEMPUR SEALY INTERNATIONAL, INC.
STREET 2: 1000 TEMPUR WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40511
FORMER NAME:
FORMER CONFORMED NAME: Bhaskar Rao
DATE OF NAME CHANGE: 20060606
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TEMPUR SEALY INTERNATIONAL, INC.
CENTRAL INDEX KEY: 0001206264
STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510]
IRS NUMBER: 331022198
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1000 TEMPUR WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40511
BUSINESS PHONE: 800-878-8889
MAIL ADDRESS:
STREET 1: 1000 TEMPUR WAY
CITY: LEXINGTON
STATE: KY
ZIP: 40511
FORMER COMPANY:
FORMER CONFORMED NAME: TEMPUR PEDIC INTERNATIONAL INC
DATE OF NAME CHANGE: 20031202
FORMER COMPANY:
FORMER CONFORMED NAME: TWI HOLDINGS INC
DATE OF NAME CHANGE: 20021119
4
1
wf-form4_167304128289600.xml
FORM 4
X0306
4
2023-01-04
0
0001206264
TEMPUR SEALY INTERNATIONAL, INC.
TPX
0001365211
Rao Bhaskar
C/O TEMPUR SEALY INTERNATIONAL, INC.
1000 TEMPUR WAY
LEXINGTON
KY
40511
0
1
0
0
EVP & Chief Financial Officer
Common Stock
2023-01-04
4
M
0
29295
0
A
353223
D
Common Stock
2023-01-04
4
F
0
9111
34.93
D
344112
D
Common Stock
2023-01-04
4
M
0
4019
0
A
348131
D
Common Stock
2023-01-04
4
F
0
1250
34.93
D
346881
D
Common Stock
2023-01-04
4
M
0
7323
0
A
354204
D
Common Stock
2023-01-04
4
F
0
2278
34.93
D
351926
D
Common Stock
2023-01-04
4
M
0
33760
0
A
385686
D
Common Stock
2023-01-04
4
F
0
10500
34.93
D
375186
D
Common Stock
2023-01-06
4
S
0
27198
35.0788
D
347988
D
Performance Restricted Stock Units
0.0
2023-01-04
4
M
0
29295
0
D
Common Stock
29295.0
58575
D
Restricted Stock Units
0.0
2023-01-04
4
M
0
4019
0
D
Common Stock
4019.0
12057
D
Restricted Stock Units
0.0
2023-01-04
4
M
0
7323
0
D
Common Stock
7323.0
14644
D
Restricted Stock Units
0.0
2023-01-04
4
M
0
33760
0
D
Common Stock
33760.0
0
D
Restricted Stock Units
0.0
2023-01-04
4
A
0
22187
0
A
Common Stock
22187.0
22187
D
Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.
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.
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.
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.
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.
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.
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.
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.
/s/ Bhaskar Rao
2023-01-06