Form 4: Sleep Number Corp Director Macadam Reports Acquisition of Phantom Stock

Director Stephen E. Macadam reports acquiring phantom stock and holding common stock and restricted stock units in Sleep Number Corp.

Summary

• Stephen E. Macadam, a director of Sleep Number Corp, filed a Form 4 on September 19, 2024.
• The report details changes in beneficial ownership of Sleep Number Corp securities.
• Macadam directly owns 102,729 shares of common stock, including 9,729 Restricted Stock Units that will vest over time.
• Macadam also indirectly owns 137 shares of common stock through an IRA.
• On September 18, 2024, Macadam acquired 1,339.9694 shares of Phantom Stock at a price of $19.59 per share.
• Following the reported transaction, Macadam directly owns 4,746.9399 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates