Joseph Hunter Saklad, Select Comfort Corporation's SVP & CIO, recently acquired 13,234 shares of the company. The buys took place at prices ranging from $0.00 to $24.13 per share, on March 28, 2017. Saklad now owns 37,050 shares of the company. Saklad 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 three years and only if the stock price of Select Comfort's common stock remains at or above a specified level for at least 20 consecut
ive trading days.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following: