other material
confidence high
sentiment neutral
materiality 0.60
Sleep Number grants $5.5M in one-time retention awards to five NEOs; CEO gets net $1.875M after waiver
Sleep Number Corp
- CEO Linda Findley receives $2.5M retention award, net $1.875M after waiving $625K sign-on bonus.
- CFO Amy O'Keefe gets $1M retention award; no prior award waived.
- EVPs Barra ($700K), Hellfeld ($850K), Krusmark ($450K) also receive awards after waiving prior retention awards.
- Awards repayable if executive resigns or is terminated for cause within 12 months.
- Repayment obligation waived in case of certain corporate transactions or termination without cause.