# EDGAR Filing Document

**Accession Number:** 0001448352
**File Stem:** 0001206264-23-000024
**Filing Date:** 2023-1
**Character Count:** 8500
**Document Hash:** 64fa830c09242ecc50b8fbcdf71ca44d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001206264-23-000024.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001206264-23-000024

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230104

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** BUSTER H CLIFFORD III
- **CENTRAL INDEX KEY:** 0001448352

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31922
- **FILM NUMBER:** 23515125

**MAIL ADDRESS:**
- **STREET 1:** 1000 TEMPUR WAY
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 74135
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPUR SEALY INTERNATIONAL, INC.
- **CENTRAL INDEX KEY:** 0001206264
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD FURNITURE [2510]
- **IRS NUMBER:** 331022198
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 TEMPUR WAY
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40511
- **BUSINESS PHONE:** 800-878-8889

**MAIL ADDRESS:**
- **STREET 1:** 1000 TEMPUR WAY
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPUR PEDIC INTERNATIONAL INC
- **DATE OF NAME CHANGE:** 20031202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TWI HOLDINGS INC
- **DATE OF NAME CHANGE:** 20021119

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>BUSTER H CLIFFORD III<br><sub>(Last) (First) (Middle)</sub><br>C/O TEMPUR SEALY INTERNATIONAL, INC.<br>1000 TEMPUR WAY<br><sub>(Street)</sub><br>LEXINGTON, KY 40511<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-04 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO, North America_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>TEMPUR SEALY INTERNATIONAL, INC. [ TPX ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-04 |  | M |  | 47244 | A | 0<sup>(1)</sup> | 271246 | D |  |
| Common Stock | 2023-01-04 |  | F |  | 22016 | D | $34.93 | 249230 | D |  |
| Common Stock | 2023-01-04 |  | M |  | 6482 | A | 0<sup>(1)</sup> | 255712 | D |  |
| Common Stock | 2023-01-04 |  | F |  | 3021 | D | $34.93 | 252691 | D |  |
| Common Stock | 2023-01-04 |  | M |  | 11810 | A | 0<sup>(1)</sup> | 264501 | D |  |
| Common Stock | 2023-01-04 |  | F |  | 5504 | D | $34.93 | 258997 | D |  |
| Common Stock | 2023-01-04 |  | M |  | 33760 | A | 0<sup>(1)</sup> | 292757 | D |  |
| Common Stock | 2023-01-04 |  | F |  | 15733 | D | $34.93 | 277024 | D |  |
| Common Stock |  |  |  |  |  |  |  | 220429 | I | Buster Family Trust<sup>(2)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Performance Restricted Stock Units | 0.0<sup>(1)</sup> | 2023-01-04 |  | M |  |  | 47244 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock | 47244.0 | $0 | 94479 | D |  |
| Restricted Stock Units | 0.0<sup>(1)</sup> | 2023-01-04 |  | M |  |  | 6482 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 6482.0 | $0 | 19446 | D |  |
| Restricted Stock Units | 0.0<sup>(1)</sup> | 2023-01-04 |  | M |  |  | 11810 | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 11810.0 | $0 | 23620 | D |  |
| Restricted Stock Units | 0.0<sup>(1)</sup> | 2023-01-04 |  | M |  |  | 33760 | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 33760.0 | $0 | 0 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-04 |  | A |  | 35786 |  | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 35786.0 | $0 | 35786 | D |  |

---

### Footnotes:

(1) Performance restricted stock units and restricted stock units convert into common stock on a one-for-one basis.

(2) These shares of TPX common stock are held by a family trust of which the reporting person is trustee. The reporting person and his spouse are the sole beneficiaries of the trust.

(3) On February 22, 2022, the Compensation Committee of the Board of Directors determined that the maximum performance conditions for the performance restricted stock units (PRSUs) granted on January 4, 2021 were achieved. The PRSUs vest in approximately three equal installments on January 4, 2023, 2024 and 2025.

(4) On January 4, 2022, the reporting person was granted 25,928 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.

(5) On January 4, 2021, the reporting person was granted 47,241 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.

(6) The restricted stock units ("RSUs") were previously reported as a grant of 33,760 RSUs vesting in four annual installments on January 4, 2020, 2021, 2022 and 2023. The RSUs have been adjusted to reflect the 4-for-1 stock split, which occurred on November 24, 2020.

(7) On January 4, 2023, the reporting person was granted 35,786 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date.

**Signature:** /s/ Bhaskar Rao, Attorney-in-Fact  
**Date:** 2023-01-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**