Sleep Number pays $5.5M in immediate cash retention awards to five executives

Filed June 2, 2026 · Period ending May 27, 2026 · ~1 min read

Key Changes

• high

  Board approved $5.5M in one-time cash retention awards to all five named executives, paid immediately on May 27, 2026. CEO Linda Findley received $2.5M (net $1.875M after waiving prior bonus), CFO Amy O'Keefe received $1M with no offsets.

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• high

  Four executives waived $1.725M in outstanding prior retention awards or sign-on bonuses, reducing net new cash outlay to $3.775M. Some waived awards were granted as recently as March 2025, suggesting consolidation of retention arrangements.

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• medium

  Awards include 12-month clawback requiring full repayment if executive is terminated for cause or resigns voluntarily. No clawback applies if company terminates without cause, or in event of death, disability, or certain corporate transactions.

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