SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Rusing Steven H

(Last) (First) (Middle)
C/O TEMPUR SEALY INTERNATIONAL, INC.
1000 TEMPUR WAY

(Street)
LEXINGTON KY 40511

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TEMPUR SEALY INTERNATIONAL, INC. [ TPX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, President, U.S. Sales
3. Date of Earliest Transaction (Month/Day/Year)
01/04/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/04/2024 01/04/2024 M 29,289 A $0(1) 239,796 D
Common Stock 01/04/2024 01/04/2024 F 13,503 D $47.92 226,293 D
Common Stock 01/04/2024 01/04/2024 M 4,585 A $0(1) 230,878 D
Common Stock 01/04/2024 01/04/2024 F 2,114 D $47.92 228,764 D
Common Stock 01/04/2024 01/04/2024 M 7,322 A $0(1) 236,086 D
Common Stock 01/04/2024 01/04/2024 F 3,376 D $47.92 232,710 D
Common Stock 01/04/2024 01/04/2024 M 4,019 A $0(1) 236,729 D
Common Stock 01/04/2024 01/04/2024 F 1,853 D $47.92 234,876 D
Common Stock 01/04/2024 01/04/2024 M 5,547 A $0(1) 240,423 D
Common Stock 01/04/2024 01/04/2024 F 2,558 D $47.92 237,865 D
Common Stock 22,400 I Family limited liability company
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Restricted Stock Units $0(1) 01/04/2024 01/04/2024 M 29,289 (2) (2) Common Stock 29,289 $0 29,286 D
Performance Restricted Stock Units $0(1) 01/04/2024 01/04/2024 M 4,585 (3) (3) Common Stock 4,585 $0 9,175 D
Restricted Stock Units $0(1) 01/04/2024 01/04/2024 M 7,322 (4) (4) Common Stock 7,322 $0 7,322 D
Restricted Stock Units $0(1) 01/04/2024 01/04/2024 M 4,019 (5) (5) Common Stock 4,019 $0 8,038 D
Restricted Stock Units $0(1) 01/04/2024 01/04/2024 M 5,547 (6) (6) Common Stock 5,547 $0 16,640 D
Restricted Stock Units $0(1) 01/04/2024 01/04/2024 A 16,173 (7) (7) Common Stock 16,173 $0 16,173 D
Explanation of Responses:
1. Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.
2. 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.
3. On February 17, 2023, the Compensation Committee of the Board of Directors determined the payout for each performance metric for the PRSUs granted on January 4, 2022. The PRSUs vest in approximately three equal installments on January 4, 2024, 2025 and 2026.
4. 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.
5. 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.
6. 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.
7. On January 4, 2024, the reporting person was granted 16,173 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.
Remarks:
/s/ Bhaskar Rao Attorney-in-Fact 01/08/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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