Form 4: Sleep Number Executive's RSU Vesting Reported
Insider Transaction Report
Sleep Number Corp's SVP, Chief Supply Chain, Tanya C. Skogerboe, reported the vesting of 4,638 restricted stock units.
Summary
- Tanya C. Skogerboe, SVP, Chief Supply Chain of Sleep Number Corp (SNBR), reported a change in beneficial ownership.
- On November 14, 2025, 4,638 shares vested from restricted stock unit (RSU) awards.
- The reporting person covered the estimated tax obligation in cash.
- Following this transaction, Ms. Skogerboe directly owns 47,877 shares of Common Stock, which includes 33,640 restricted stock units that vest over time.
- Additionally, 2,517.4642 shares are indirectly owned through a 401k plan.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (vesting of restricted stock units) which is a standard part of executive compensation. It does not contain information that would significantly alter the company's financial or operational outlook, hence a neutral sentiment.
Positives
- Vesting of 4,638 restricted stock units indicates continued compensation and alignment of executive interests with shareholder value.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, suggesting a pre-arranged, compliant transaction.
Negatives
- No negative aspects are directly reported in this Form 4 filing.
Risks
- No specific risks are mentioned in this Form 4 filing.
Future Outlook
This filing does not provide any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing reports a routine insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitor analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Tanya C. Skogerboe granted a Power of Attorney to Sam Hellfeld, Kelly Baker, and Brandon Rykkeli to act on her behalf for SEC filings, including Forms 3, 4, 5, Schedules 13D/13G, and Forms 144. This includes actions related to EDGAR system enrollment and account administration. | 2025-07-14 | This streamlines the process for Ms. Skogerboe to comply with SEC reporting requirements by delegating the administrative tasks of preparing and filing necessary documents to designated attorneys-in-fact. It enhances compliance efficiency for insider reporting. |
Stakeholder Impact
- Shareholders: Minimal direct impact. This is a routine executive compensation event.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2025-07-14 | Date Tanya Skogerboe executed the Power of Attorney. |
| 2025-11-14 | Date 4,638 restricted stock units vested. |
| 2025-11-17 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
Sleep Number Corp, SNBR, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tanya C. Skogerboe, Executive Compensation, Beneficial Ownership
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