Sleep Number Corp: Executive Equity Awards Detailed

Ticker: SNBR · Form: DEF 14A · Filed: 2025-04-18T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, equity-awards, annual-filing

TL;DR

Sleep Number's 2025 DEF 14A shows exec equity awards for FY24, detailing vesting and fair value changes.

AI Summary

Sleep Number Corp filed a DEF 14A on April 18, 2025, detailing executive compensation and corporate governance for the fiscal year ending December 28, 2024. The filing includes information on equity awards granted to its "PeoMember" (likely referring to principal executive officers) and changes in their fair value. Specific financial figures for these awards and their vesting dates are provided for the fiscal years 2023 and 2024.

Why It Matters

This filing provides transparency into how Sleep Number Corp compensates its top executives, offering insights into the company's financial health and future performance expectations.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the details on executive compensation and equity awards can signal management's confidence or concerns about future performance.

Key Numbers

2024 — Fiscal Year End (The period for which executive compensation details are provided.)
2023 — Prior Fiscal Year (Comparative data for executive compensation is included.)

Key Players & Entities

Sleep Number Corp (company) — Filer of the DEF 14A
0000827187-25-000044.txt (document) — SEC Filing document name
20250418 (date) — Filing date
20241228 (date) — Fiscal year end
PeoMember (person) — Likely refers to principal executive officers receiving equity awards

FAQ

What is the total fair value of equity awards granted to "PeoMember" in the fiscal year ending December 28, 2024?

The filing provides tables detailing the year-end fair value of equity awards granted, outstanding, and unvested for the fiscal year ending December 28, 2024, but a single total dollar amount is not explicitly stated in the provided snippet.

What was the change in fair value of outstanding and unvested equity awards granted in prior years for "PeoMember" during fiscal year 2024?

The filing indicates a 'ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember' for fiscal year 2024, but the specific dollar amount of change is not present in the provided text.

When are the equity awards granted in fiscal year 2024 expected to vest for "PeoMember"?

The filing includes 'VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember' which refers to vesting dates for equity awards granted and vested in the covered year, but specific dates are not detailed in the snippet.

What was the fair value of equity awards granted and vested in fiscal year 2023 for "PeoMember"?

The filing contains 'EqtyAwrdsInSummryCompstnTblForAplblYrMember' for the fiscal year 2023, indicating details on granted and vested equity awards, but the specific dollar amount is not in the provided text.

What is the company's primary business as indicated by its SIC code?

Sleep Number Corp's Standard Industrial Classification (SIC) code is 2510, which corresponds to HOUSEHOLD FURNITURE.

From the Filing

0000827187-25-000044.txt : 20250418 0000827187-25-000044.hdr.sgml : 20250418 20250418160053 ACCESSION NUMBER: 0000827187-25-000044 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 61 CONFORMED PERIOD OF REPORT: 20241228 FILED AS OF DATE: 20250418 DATE AS OF CHANGE: 20250418 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sleep Number Corp CENTRAL INDEX KEY: 0000827187 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] ORGANIZATION NAME: 04 Manufacturing EIN: 411597886 STATE OF INCORPORATION: MN FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 000-25121 FILM NUMBER: 25850433 BUSINESS ADDRESS: STREET 1: 1001 THIRD AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55404 BUSINESS PHONE: 7635517000 MAIL ADDRESS: STREET 1: 1001 THIRD AVENUE SOUTH CITY: MINNEAPOLIS STATE: MN ZIP: 55404 FORMER COMPANY: FORMER CONFORMED NAME: SELECT COMFORT CORP DATE OF NAME CHANGE: 19980821 DEF 14A 1 snbr-20250417.htm DEF 14A snbr-20250417 0000827187 DEF 14A FALSE iso4217:USD xbrli:pure 0000827187 2023-12-31 2024-12-28 0000827187 2023-01-01 2023-12-30 0000827187 2022-01-02 2022-12-31 0000827187 2021-01-03 2022-01-01 0000827187 2019-12-29 2021-01-02 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-12-31 2024-12-28 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-12-31 2024-12-28 0000827187 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-12-31 2024-12-28 0000827187 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2023-12-31 2024-12-28 0000827187 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-12-31 2024-12-28 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2023-01-01 2023-12-30 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2023-01-01 2023-12-30 0000827187 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2023-01-01 2023-12-30 0000827187 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-30 0000827187 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2023-01-01 2023-12-30 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2022-01-02 2022-12-31 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2022-01-02 2022-12-31 0000827187 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2022-01-02 2022-12-31 0000827187 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2022-01-02 2022-12-31 0000827187 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2022-01-02 2022-12-31 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2021-01-03 2022-01-01 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2021-01-03 2022-01-01 0000827187 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2021-01-03 2022-01-01 0000827187 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2021-01-03 2022-01-01 0000827187 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2021-01-03 2022-01-01 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2019-12-29 2021-01-02 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2019-12-29 2021-01-02 0000827187 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2019-12-29 2021-01-02 0000827187 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2019-12-29 2021-01-02 0000827187 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2019-12-29 2021-01-02 0000827187 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2023-12-31 2024-12-28 0000827187 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2023