Form 4: Sleep Number Director Deborah L. Kilpatrick Transfers Shares to Family Trust
SEC Form 4 Filing
Director Deborah L. Kilpatrick transferred 4,195 shares of Sleep Number Corp common stock to a family trust after restrictions lapsed.
Summary
- On May 11, 2024, restrictions lapsed on 4,195 restricted stock units held by Deborah L. Kilpatrick, a director of Sleep Number Corp.
- On May 13, 2024, Ms. Kilpatrick transferred these 4,195 shares to her family trust as a gift.
- Following the transaction, Ms. Kilpatrick directly owns 0 shares and indirectly owns 24,836 shares through the family trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock transfer, which is neutral in sentiment.
Industry Context
This transaction is a routine disclosure of insider activity and doesn't necessarily reflect a change in the company's outlook or performance.
Related Party Transactions
- The transfer of shares to a family trust constitutes a related party transaction.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a transfer of shares for estate planning purposes and does not change the overall ownership structure significantly.
Key Dates
| Date | Description |
|---|---|
| 05/11/2024 | Restrictions lapsed on 4,195 restricted stock units. |
| 05/13/2024 | Reporting person transferred 4,195 shares to family trust. |
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