Form 4: Sleep Number Corp Director Macadam Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Stephen E. Macadam reports changes in beneficial ownership of Sleep Number Corp stock, including acquisition of phantom stock and holdings in an IRA.
Summary
- On March 13, 2024, Stephen E. Macadam, a director of Sleep Number Corp, reported changes in his beneficial ownership of the company's stock.
- The report includes the acquisition of 1,694.6417 shares of phantom stock, each equivalent to one share of common stock.
- Macadam directly owns 54,272 shares of common stock, which includes 4,272 restricted stock units that will vest over time.
- He also indirectly owns 137 shares of common stock through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding changes in ownership.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key company director.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the earliest transaction reported (acquisition of phantom stock). |
| 03/14/2024 | Date of signature for the Form 4 filing. |
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