Sleep Number amends CEO Linda Findley's equity grant to 724,114 shares at $13.81 notional price, adds $2.5M cash bonus

Sleep Number Corp

Original $10M inducement grant restructured to 724,114 shares at $13.81 (2024 average closing price) due to post-earnings stock decline.
Grant comprises 362,057 time-vested RSUs with price modifier, 181,028 PSUs with TSR modifier, and 181,029 RSUs vesting over 3 years.
New $2.5M cash sign-on bonus paid in three installments; first $1.25M net proceeds must be used to buy SNBR shares in open market.
CEO Linda Findley's appointment effective April 7, 2025; amendment effective March 31, 2025.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Linda Findley

President and Chief Executive Officer

SNBR · Sleep Number Corp

Effective: 2025-04-07
Filed: March 31, 2025, 7:59 PM ET

On March 5, 2025, Sleep Number Corporation (the “Company”) announced that the Board of Directors unanimously appointed Linda Findley to the position of President and Chief Executive Officer and Board member, effective as of April 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Linda Findley was appointed as President and Chief Executive Officer at Sleep Number Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On March 5, 2025, Sleep Number Corporation (the “Company”) announced that the Board of Directors unanimously appointed Linda Findley to the position of President and Chief Executive Officer and Board member, effective as of April 7, 2025.

View on SEC.gov

Sleep Number Corp filing history →

Source: SEC EDGAR

accession 0000827187-25-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.