---
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"
generated_at: "2026-05-24T02:41:57.294172+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-25-000030
- JSON: https://secwatch.observer/filing/0000827187-25-000030.json
- Plain text: https://secwatch.observer/filing/0000827187-25-000030.txt

## Key facts
- Executive change
  Linda Findley was appointed as President and Chief Executive Officer at Sleep Number Corp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/827187/000082718725000030/0000827187-25-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.