Form 4: Sleep Number EVP Krusmark Reports Changes in Beneficial Ownership After Stock Vesting
SEC Form 4 Filing
Christopher D. Krusmark, EVP & Chief H.R. Officer of Sleep Number Corp, reports changes in beneficial ownership due to shares withheld for tax obligations upon vesting of restricted stock units.
Summary
- On September 5, 2024, Christopher D. Krusmark, EVP & Chief H.R. Officer of Sleep Number Corp, reported changes in beneficial ownership.
- 890 shares were withheld to cover the reporting person's estimated tax liability obligation upon the vesting of restricted stock units.
- Following the transaction, Krusmark directly owns 31,620 shares of common stock and indirectly owns 1,746.8545 shares through a 401(k).
- The direct holdings include 16,344 restricted stock units that vest over time.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine disclosure of insider transactions related to stock vesting and tax obligations.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers holding company stock. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of transaction: shares vested from a restricted stock unit award and shares were withheld for tax liability. |
| 09/06/2024 | Date of signature for the Form 4 filing. |
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