Sleep Number Grants $5.5M in Retention Awards to Executives

Sleep Number Corporation's Board of Directors approved one-time cash retention awards totaling $5.5 million for critical leaders, including named executive officers. In connection with these new grants, most executives waived their rights to receive payments from previously granted sign-on bonuses or retention awards, amounting to $1.725 million. The net new retention amount for these executives is $3.775 million, with the awards subject to repayment if employment is terminated for cause or due to resignation within twelve months.