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Insider Trends: Tempur Sealy International Insider Converts Option/Derivative Security to Acquire Stock, Makes Tax Sale, Selling Trend Intact

05/10/2021 12:13

04:11 PM EDT, 05/10/2021 (MT Newswires) -- On May 07, 2021, Thomas A Murray, EVP, Cmo U.S., exercised options/derivative securities for 6,792 shares of Tempur Sealy International (TPX) and sold 3,166 shares in the company for $124,582 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,626 company shares. Murray, following the transactions disclosed in the Form 4 SEC filing, owns 83,583 shares of the company, with a market value, based on the prior-day closing price, of $3.29 million. In addition the company has granted Murray stock options of which 6,792 are currently in the money and have an approximate value of $267,265 as of yesterday's closing price.

Over the last 90 days, previous to the date of this filing, there have been 18 insider transactions reported to the SEC for Tempur Sealy International. These transactions came from the activities of 7 individual insiders that resulted in a net disposition of 1,034,194 company shares. In the preceding 90-day window of time, there were 50 transactions from 9 insiders and resulted in the net acquisition of 1,933,113 shares.

This level of insider transactions is less than the peer group average in the 9-company Furniture & Art peer group over the last 90-day period. Peer group activity averaged 113.7 transactions per company, and disposition of 246,761 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1206264/000120626421000150/xslF345X03/wf-form4_162067717045503.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.