Form 4: Sleep Number CFO Granted 69,742 Restricted Stock Units

Sleep Number Corp's EVP & Chief Financial Officer, Amy K. O'Keefe, was granted 69,742 restricted stock units.

Summary

• Amy K. O'Keefe, the Executive Vice President and Chief Financial Officer of Sleep Number Corp (SNBR), acquired 69,742 shares of common stock.
• The transaction, which involved the acquisition of Restricted Stock Units (RSUs), occurred on December 15, 2025.
• These RSUs were granted at a price of $0 per share and are subject to vesting over time.
• Following this reported transaction, Amy K. O'Keefe beneficially owns 69,742 shares directly.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a key executive like the CFO is generally viewed positively as it aligns management's long-term interests with those of shareholders and incentivizes retention and performance.

Positives

• The grant of 69,742 Restricted Stock Units to the CFO aligns management's long-term interests with those of shareholders.
• RSUs that vest over time serve as an incentive for sustained performance and executive retention.

Future Outlook

The Restricted Stock Units are designed to vest over time, indicating a future commitment and incentive for the executive to contribute to the company's long-term performance.

Industry Context

The grant of Restricted Stock Units is a common practice in executive compensation across various industries, including retail and consumer durables, to align executive incentives with long-term company performance and shareholder value.

Comparison to Industry Standards

• Granting Restricted Stock Units (RSUs) to executive officers is a standard practice in corporate compensation packages across publicly traded companies, including peers in the home goods and specialty retail sectors like Tempur Sealy International (TPX) or Purple Innovation (PRPL).
• The $0 transaction price is typical for RSU grants, reflecting equity compensation rather than a cash purchase, consistent with industry norms for performance-based or time-based vesting awards.

Related Party Transactions

• The grant of Restricted Stock Units to the EVP & Chief Financial Officer is a form of executive compensation, which is a common related-party transaction.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive incentives with long-term shareholder value.
• Management: Increased equity stake and long-term incentive for the CFO.

Next Steps

• The Restricted Stock Units will vest over time according to the terms of the grant.

Key Dates

Keywords

Sleep Number Corp, SNBR, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Amy K. O'Keefe, CFO