Sleep Number ( (SNBR) ) has shared an update.
On March 5, 2025, Sleep Number Corporation announced the appointment of Linda Findley as President, CEO, and Director, effective April 7, 2025. Following a significant decline in the company’s stock price after reporting its 2024 financial results, an amendment to Findley’s offer letter was made on March 31, 2025, to restructure her equity inducement grant. The amendment aims to mitigate shareholder dilution by using a notional share price based on the average closing price in 2024 and includes additional performance metrics for vesting conditions. The amendment also introduces a cash sign-on bonus, part of which Findley will use to purchase company stock, aligning her interests with those of the shareholders.
More about Sleep Number
Sleep Number Corporation operates in the sleep and wellness industry, primarily focusing on innovative sleep solutions. The company is known for its Sleep Number beds, which allow users to adjust the firmness and support of the mattress to their individual preferences. Sleep Number targets consumers seeking personalized sleep experiences and has a strong market presence in the United States.
YTD Price Performance: -56.92%
Average Trading Volume: 546,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: $144.2M
Find detailed analytics on SNBR stock on TipRanks’ Stock Analysis page.