Form 4: Sleep Number Director Deborah L. Kilpatrick Reports Stock Transactions

Director Deborah L. Kilpatrick of Sleep Number Corp. reported acquiring and gifting shares, as well as receiving phantom stock, on December 10, 2024.

Summary

• Deborah L. Kilpatrick, a director at Sleep Number Corp, reported several transactions involving the company's stock on December 10, 2024.
• She acquired 132 shares of common stock at a price of $19.71 per share as part of her board fees, based on a deferral election made before January 1, 2024.
• She also gifted 132 shares of common stock to her Family Trust.
• Additionally, she received 132 shares of common stock in lieu of board fees, also based on the same deferral election.
• Kilpatrick also acquired 132.5469 shares of phantom stock, which are economically equivalent to common stock and payable in common stock at her election.
• Following these transactions, she directly owns 5,457 shares of common stock and indirectly owns 25,271 shares through a Family Trust.
• She also holds 615.6325 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions by a director, which is neither positive nor negative in itself.

Industry Context

This is a routine filing for a director's stock transactions and is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, to report their transactions in company stock.
• The transactions reported by Deborah L. Kilpatrick are typical for directors who receive stock as part of their compensation or have elected to defer fees into stock.
• The use of phantom stock is also a common practice in executive compensation, providing an economic equivalent to common stock without direct ownership until a future date.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a director's compensation and do not represent a significant change in ownership.

Key Dates

Keywords

stock transactions, insider trading, Form 4, Sleep Number, director, phantom stock, common stock, beneficial ownership