{"schema_version":"secwatch.filing_event.v1","accession":"0000827187-25-000030","form_type":"8-K","ticker":"SNBR","cik":"0000827187","company_name":"Sleep Number Corp","filed_at":"2025-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.458864+00:00","generated_at":"2026-05-24T02:41:57.294172+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sleep Number amends CEO Linda Findley's equity grant to 724,114 shares at $13.81 notional price, adds $2.5M cash bonus","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000827187-25-000030","json":"https://secwatch.observer/filing/0000827187-25-000030.json","markdown":"https://secwatch.observer/filing/0000827187-25-000030.md","text":"https://secwatch.observer/filing/0000827187-25-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000030/0000827187-25-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000030/snbr-20250331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T02:41:57.294172+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7291531e02","claim":"Linda Findley was appointed as President and Chief Executive Officer at Sleep Number Corp.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827187/000082718725000030/0000827187-25-000030-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}