Shelly Radue Ibach, Select Comfort Corporation's President and CEO and a director of the company, recently acquired 45,389 shares of the company. The buys took place at prices ranging from $0.00 to $24.13 per share, on March 28, 2017. Ibach now owns 178,091 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Ibach operates out of Minneapolis, MN. Some additional info was provided as follows:
These shares were withheld from the vesting of a performance restricted stock unit award to cover the estimated tax withholding obligation.
Each performance right represents a contingent right to receive one share of Select Comfort common stock. Vesting of the performance rights will occur only at the end of thr
ee years and only if the stock price of Select Comfort's common stock remains at or above a specified level for at least 20 consecutive trading days.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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