4//SEC Filing
TEMPUR SEALY INTERNATIONAL, INC. 4
Accession 0001206264-17-000032
$SGICIK 0001206264operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:59 PM ET
Size
11.5 KB
Accession
0001206264-17-000032
Insider Transaction Report
Form 4
Spenchian Jay G
EVP, Chief Marketing Officer
Transactions
- Award
Common Stock
2017-02-24+4,566→ 20,366 total - Tax Payment
Common Stock
2017-02-24$45.95/sh−2,300$105,685→ 18,066 total - Award
Restricted Stock Units
2017-02-24+18,262→ 18,262 totalExercise: $0.00→ Common Stock (18,262 underlying) - Exercise/Conversion
Restricted Stock Units
2017-02-24−4,566→ 13,696 totalExercise: $0.00→ Common Stock (4,566 underlying)
Footnotes (2)
- [F1]Restricted stock units subject to a performance threshold were granted to the Reporting Person on February 11, 2016 (the "Grant Date"). Each restricted stock unit represents a contingent right to receive one share of TPX Common Stock. On February 24, 2017, the Company's Compensation Committee determined that the performance threshold had been satisfied, and the award became subject only to time vesting restrictions. Pursuant to the award agreement, the restricted stock units vest in four installments, with 4,566 units vesting on the first two anniversaries of the Grant Date and 4,565 units vesting on each of the third and fourth anniversaries of the Grant Date. Upon achievement of the performance threshold, the first tranche of the restricted stock units vested and were released.
- [F2]Represents the number of shares withheld in accordance with the award agreement and the Company's 2013 Equity Incentive Plan, as amended (the "Plan") to cover the withholding taxes arising upon the vesting of these restricted stock units. The Plan requires the tax withholding to be calculated at the closing price of the Common Stock on the date the award vested, which was $45.95 on Friday, February 24, 2017.
Documents
Issuer
TEMPUR SEALY INTERNATIONAL, INC.
CIK 0001206264
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001206264
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:59 PM ET
- Size
- 11.5 KB