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Sleep Number Announces Equity Awards as Material Inducement for EVP/CMO
May 18,
2025 by Karen Parrish in Business Strategy, Industry 
Sleep Number Corporation announced that it granted equity awards on May 15, 2025, as a material inducement to the employment of the company's newly-hired Executive Vice President and Chief Marketing Officer, Amber Minson.
In connection with the appointment of Minson as Executive Vice President and Chief Marketing Officer effective May 5, 2025, Sleep Number granted Minson employment inducement awards consisting of: (i) 21,724 shares in a performance stock unit award vesting on the third anniversary of the date of grant with the number of shares to be earned based on actual company performance for fiscal years 2025 to 2027 and the company’s relative total shareholder return; and (ii) 21,724 shares in a time-vested restricted stock unit award that vests in three equal installments on each anniversary from the date of grant. All grants are subject to continued employment and the terms of the respective award agreements.
The inducement awards to Minson were granted as a material inducement to her employment and were approved by the Management Development and Compensation Committee of Sleep Number’s Board of Directors on April 7, 2025, in accordance with Rule 5635(c)(4) of The Nasdaq Stock Market LLC. The awards were granted outside Sleep Number’s equity incentive plan.