4//SEC Filing
Spenchian Jay G 4
Accession 0001206264-17-000115
CIK 0001206264other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 5:46 PM ET
Size
9.2 KB
Accession
0001206264-17-000115
Insider Transaction Report
Form 4
Spenchian Jay G
EVP, Chief Marketing Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-02-28−10,530→ 0 total→ Common Stock (10,530 underlying) - Exercise/Conversion
Common Stock
2017-02-28+10,530→ 28,596 total - Tax Payment
Common Stock
2017-02-28$46.19/sh−5,176$239,079→ 23,420 total
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of TPX common stock.
- [F2]Represents the number of shares withheld in accordance with the Company's 2013 Equity Incentive Plan, as amended (the "Plan") and the award agreement to cover withholding taxes arising upon the vesting of the restricted stock units. The Plan requires tax withholding to be calculated at the closing price of the Common Stock on the date the restricted stock units become vested, which was $46.19 on Tuesday, February 28, 2017.
- [F3]On December 1, 2014, the Reporting Person was granted 10,530 restricted stock units, scheduled for vesting in full on the third anniversary of the grant date. However, upon termination of employment on February 28, 2017, the Reporting person became fully vested in the restricted stock units pursuant to the terms of the restricted stock unit award agreement dated as of December 1, 2014 between the Reporting Person and Tempur Sealy International, Inc.
Documents
Issuer
TEMPUR SEALY INTERNATIONAL, INC.
CIK 0001206264
Entity typeother
Related Parties
1- filerCIK 0001626006
Filing Metadata
- Form type
- 4
- Filed
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 5:46 PM ET
- Size
- 9.2 KB