Form 4: Tempur Sealy Executive Wijnand Hansbart Reports Stock Transactions
SEC Form 4
EVP of International at Tempur Sealy, Wijnand Hansbart, reports acquisition and disposal of common stock and restricted stock units on January 3rd and 4th, 2025.
Summary
- On January 3rd and 4th, 2025, Wijnand Hansbart, EVP of International at Tempur Sealy International, Inc., reported transactions involving common stock and restricted stock units.
- These transactions included the acquisition of common stock through the conversion of restricted stock units and performance restricted stock units.
- The transactions also included the disposal of common stock to cover tax obligations related to the vesting of these units.
- The reporting person now beneficially owns 49,585 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 01/04/2021 | Reporting person was granted 16,062 restricted stock units, vesting in approximately four equal annual installments beginning on the first anniversary of the grant date. |
| 02/22/2022 | Compensation Committee determined that the maximum performance conditions for the performance restricted stock units (PRSUs) granted on January 4, 2021 were achieved. |
| 01/04/2022 | Reporting person was granted 10,372 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. |
| 01/04/2022 | Reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. |
| 02/17/2023 | Compensation Committee determined the payout for each metric on February 17, 2023 resulting in the reported number of performance shares received. |
| 01/04/2023 | Reporting person was granted 14,315 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. |
| 01/04/2023 | Reporting person was granted a target number of performance shares, with the payout from 0 to 300% of target based on the Company's adjusted EBITDA, Relative TSR Percentile and qualitative ESG performance. |
| 02/16/2024 | Compensation Committee determined the payout for each metric on February 16, 2024 resulting in the reported number of performance shares received. |
| 01/04/2024 | Reporting person was granted 10,434 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. |
| 01/03/2025 | Date of the reported transactions involving common stock and restricted stock units. |
| 01/03/2025 | Reporting person was granted 8,970 restricted stock units, vesting in four annual installments beginning on January 4, 2026. |
| 01/04/2025 | Date of the reported transactions involving common stock and restricted stock units. |
| 01/06/2025 | Date of the signature on the Form 4 filing. |
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