Sleep Number Corp (SNBR) CFO awarded 66,965 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O'Keefe Amy K reported acquisition or exercise transactions in this Form 4 filing.
Sleep Number Corp reported that EVP & Chief Financial Officer Amy K. O'Keefe received a grant of 66,965 shares of common stock as a stock award, with no cash paid per share. After this award, she holds 136,707 restricted stock units that will vest over time, increasing her equity-based compensation stake but not involving any open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'Keefe Amy K
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,965 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 136,707 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Sleep Number (SNBR) disclose about CFO Amy O'Keefe's Form 4 transaction?
Sleep Number disclosed that EVP & CFO Amy K. O'Keefe received a stock award of 66,965 common shares. This grant is compensation-related and not an open-market trade, so it does not directly reflect a buy or sell decision in the market.
What is the CFO's Sleep Number equity position after this stock grant?
Following the grant, Amy K. O'Keefe is reported to hold 136,707 restricted stock units. According to the disclosure, these restricted units will vest over time, meaning ownership of the underlying shares becomes available gradually as vesting conditions are met.
Does the Sleep Number CFO Form 4 show any stock sales or purchases?
The Form 4 shows only an acquisition through a stock award, coded as a grant. There are no reported open-market purchases or sales, so the filing reflects compensation rather than trading activity that might signal a directional market view.
How will the Sleep Number CFO's restricted stock units vest over time?
The filing states that the 136,707 restricted stock units will vest over time. This means the CFO’s rights to the underlying shares increase gradually based on the company’s vesting schedule, aligning her compensation with longer-term company performance.