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

Director Deborah L. Kilpatrick reports acquiring and gifting Sleep Number Corp (SNBR) common stock, as well as phantom stock transactions.

Summary

• On September 18, 2024, Deborah L. Kilpatrick, a director of Sleep Number Corp (SNBR), engaged in several transactions involving the company's stock.
• She acquired 133 shares of common stock at a price of $19.59 per share as part of her Board fees.
• Kilpatrick gifted 133 shares of common stock to her Family Trust.
• She also acquired 133 shares of phantom stock, each equivalent to one share of common stock, at a price of $19.59.
• Following these transactions, Kilpatrick directly owns 5,457 shares of common stock and indirectly owns 25,139 shares through a Family Trust.
• She also holds 483.0856 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The director's acquisition of shares as part of her Board fees demonstrates alignment with shareholder interests.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the company.

Key Dates