secwatch.observer — SEC 8-K summary
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Issuer:     Sleep Number Corp (SNBR)
CIK:        0000827187
Form:       8-K
Filed at:   2026-06-02T20:05:17+00:00
Accession:  0000827187-26-000048
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sleep Number grants $5.5M in one-time retention awards to five NEOs; CEO gets net $1.875M after waiver
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000048/0000827187-26-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827187/000082718726000048/snbr-20260527.htm
  HTML page:      https://secwatch.observer/filing/0000827187-26-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer