SNBR.NASDAQSleep Number CORP

Form 4: Sleep Number Corp EVP & CFO Francis K. Lee Reports Stock Award Vesting and Tax Obligation Coverage

Sentiment:

SEC Form 4 Filing

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Francis K. Lee, EVP & CFO of Sleep Number Corp, reports the vesting of 8,085 shares from a restricted stock unit award and coverage of the estimated tax obligation in cash on March 15, 2025.

Summary

  • On March 15, 2025, Francis K. Lee, the EVP & CFO of Sleep Number Corp, reported a transaction related to the vesting of restricted stock units.
  • 8,085 shares vested from a restricted stock unit award.
  • The reporting person covered his estimated tax obligation in cash.
  • Following the transaction, Lee beneficially owns 85,770 shares of Sleep Number Corp common stock, which includes 72,455 shares from Restricted Stock Unit awards that vest over time.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting routine executive compensation practices.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it relates to executive compensation and insider ownership.
  • The transaction has a minor impact on employees as it relates to executive compensation.

Key Dates

DateDescription
03/15/2025Date of transaction: 8,085 shares vested from a restricted stock unit award and the reporting person covered his estimated tax obligation in cash.
03/17/2025Date of signature on the Form 4 filing.

Keywords

Form 4, Beneficial Ownership, Insider Trading, Restricted Stock Units, SNBR, Sleep Number Corp, Francis K. Lee, Executive Compensation

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