Trade Alert: Executive Vice President of International Of Tempur Sealy International Hansbart Wijnand Has Sold Stock

Some Tempur Sealy International, Inc. (NYSE:TPX) shareholders may be a little concerned to see that the Executive Vice President of International, Hansbart Wijnand, recently sold a substantial US$599k worth of stock at a price of US$50.31 per share. That sale reduced their total holding by 30% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for Tempur Sealy International

The Last 12 Months Of Insider Transactions At Tempur Sealy International

The Chief Executive Officer of Tempur Sealy North America, H. Buster, made the biggest insider sale in the last 12 months. That single transaction was for US$2.7m worth of shares at a price of US$36.55 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$50.72. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was only 15% of H. Buster's holding.

Insiders in Tempur Sealy International didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Does Tempur Sealy International Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Tempur Sealy International insiders own 3.3% of the company, worth about US$286m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Does This Data Suggest About Tempur Sealy International Insiders?

An insider hasn't bought Tempur Sealy International stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Tempur Sealy International. You'd be interested to know, that we found 2 warning signs for Tempur Sealy International and we suggest you have a look.

Of course Tempur Sealy International may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.