Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-27

Sleep Number (SNBR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,233,574
Linda Findley total, FY2025
1st
CEO pay percentile vs peers
CEO-to-median pay ratio
84.27%
Say-on-pay support, latest vote
Companies that benchmark against SNBR
7 companies name SNBR as a compensation peer

Each company listed discloses SNBR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SNBR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Linda Findley$853,846$1,250,000$4,104,519$0$0$0$25,209$6,233,574
President and Chief Executive Officer
Francis Lee412,7400602,5830001,098,8342,114,157
Executive Vice President and Chief Financial Officer
Andrea Bloomquist275,7140547,7970001,085,3691,908,880
Executive Vice President and Chief Innovation Officer
Kevin Brown171,9940369,762000937,3061,479,062
Executive Vice President
Melissa Barra614,4820547,79700030,0321,192,311
Executive Vice President and Chief Sales and Services Officer
Samuel Hellfeld568,975150,000451,93300020,4071,191,315
Executive Vice President and Chief Legal and Risk Officer and Secretary
Christopher Krusmark482,4770301,29900023,239807,015
Executive Vice President
Shelly Ibach530,769000000530,769
Former Chair, President and Chief Executive Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Linda Findley$6,233,574
Francis Lee2,114,1571,571,3473,164,899+542,810
Andrea Bloomquist1,908,8801,423,7891,823,484+485,091
Kevin Brown1,479,062
Melissa Barra1,192,3111,436,4111,818,569−244,100
Samuel Hellfeld1,191,3151,308,2931,547,259−116,978
Christopher Krusmark807,0151,325,870
Shelly Ibach530,7696,583,4096,349,191−6,052,640

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Francis LeeRSU69,742$221,802
Linda FindleyRSU181,029917,817
Andrea BloomquistPSU3,01636,20672,412281,683
Kevin BrownPSU24,43948,878190,135
Francis LeePSU3,31839,82779,654309,854
Samuel HellfeldRSU29,870219,545
Melissa BarraPSU3,01636,20672,412281,683
Kevin BrownRSU24,439179,627
Melissa BarraRSU36,206266,114
Samuel HellfeldPSU2,48829,87059,740232,389
Linda FindleyRSU362,0572,214,582
Andrea BloomquistRSU36,206266,144
Christopher KrusmarkPSU1,65919,91439,828154,931
Linda FindleyPSU15,080181,028362,056972,120
Francis LeeRSU39,827292,728
Christopher KrusmarkRSU19,914146,368
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Francis Lee$514,530$309,854$037.6%
Linda Findley3,132,399972,120023.7%
Andrea Bloomquist266,144281,683051.4%
Kevin Brown179,627190,135051.4%
Samuel Hellfeld219,545232,389051.4%
Melissa Barra266,114281,683051.4%
Christopher Krusmark146,368154,931051.4%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Melissa BarraOption5,45528.41
Kevin BrownPSU4,94642,486
Kevin BrownPSU7136,125
Linda FindleyRSU181,0291,555,039
Samuel HellfeldPSU16,674143,230
Samuel HellfeldOption4,54728.41
Samuel HellfeldRSU14,484124,418
Christopher KrusmarkRSU19,914171,061
Melissa BarraRSU36,206311,010
Melissa BarraPSU20,211173,612
Shelly IbachPSU90,946781,226
Samuel HellfeldPSU28,870247,993
Melissa BarraPSU36,206311,010
Christopher KrusmarkRSU11,11695,486
Andrea BloomquistPSU8,15870,077
Melissa BarraRSU13,474115,742
Samuel HellfeldRSU29,870256,583
Andrea BloomquistPSU2,54121,827
Linda FindleyPSU362,0573,110,070
Shelly IbachPSU69,742599,084
Linda FindleyPSU181,0281,555,039
05

Incentive-plan design — the Compensation Discussion & Analysis

The Board, through the Compensation Committee, supports and oversees team member compensation programs that are closely linked to business performance and long-term strategic orientation.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2110,510,518704,3491,257,12984.27%Passed
20252025-05-2810,724,1582,675,268414,08077.64%Passed
20242024-05-2111,909,5292,486,649319,98582.73%Passed
20232023-05-1112,890,6404,453,21632,78574.32%Passed
20222022-05-1215,846,1532,106,46790,83788.27%Passed
20212021-05-1220,553,129356,40438,65198.3%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2184.27%a
20252025-05-2877.64%b
20242024-05-2182.73%c

a. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote against the proposal.”.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Phillip M. EylerIndependent · Board Chair · Audit$145,500$104,114$0$0$0$249,614
Angel L. MendezIndependent · Audit · Corporate Governance and Nominating (Chair)115,000104,114000219,114
Brenda J. LauderbackIndependent · Management Development and Compensation (Chair) · Departed during FY107,500104,114000211,614
Stephen E. MacadamIndependent · Audit (Chair) · Corporate Governance and Nominating105,808104,114000209,922
Hilary A. SchneiderIndependent · Management Development and Compensation (Chair) · Not standing for re-election105,000104,114000209,114
Julie M. HowardIndependent · Audit · Management Development and Compensation95,000104,114000199,114
Deborah L. KilpatrickIndependent · Management Development and Compensation · Corporate Governance and Nominating95,000104,114000199,114
Stephen L. Gulis, JrIndependent · Audit (Chair) · Capital Allocation and Value Enhancement · Departed during FY94,096104,114000198,210
Michael J. HarrisonIndependent · Departed during FY72,50000072,500
Barbara R. MatasIndependent · Audit · Capital Allocation and Value Enhancement (Co-Chair) · Corporate Governance and Nominating · Departed during FY52,50000052,500
Shelly R. IbachEmployee director · Departed during FY00000
Linda A. FindleyEmployee director · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer$95,000
Annual equity retainer$135,000
Per board meeting fee$1,000
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000 / 20,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$987,904
Equity awards (grant-date value)$832,912
All other compensation$0
Total cost of the board$1,820,816

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Sleep Number2025Linda Findley$853,846$4,104,519$0$0$6,233,574

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Linda FindleyDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 6,233,574. Filing ↗machine: t91 · r2 · c2 · span 1404923–1404930
2Section 01, Francis LeeDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 2,114,157. Filing ↗machine: t91 · r7 · c2 · span 1429135–1429142
3Section 01, Andrea BloomquistDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 1,908,880. Filing ↗machine: t91 · r14 · c2 · span 1461196–1461203
4Section 01, Kevin BrownDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 1,479,062. Filing ↗machine: t91 · r17 · c2 · span 1478319–1478326
5Section 01, Melissa BarraDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 1,192,311. Filing ↗machine: t91 · r18 · c2 · span 1485007–1485014
6Section 01, Samuel HellfeldDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,191,315. Filing ↗
7Section 01, Christopher KrusmarkDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 807,015. Filing ↗machine: t91 · r24 · c2 · span 1519432–1519439
8Section 01, Shelly IbachDEF 14A2026-04-080000827187-26-000031Section “Summary Compensation Table”. As printed: 530,769. Filing ↗machine: t91 · r4 · c2 · span 1412310–1412317
9Section 03, Francis Lee RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Linda Findley RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r5 · c10 · span 1649982–1649989
11Section 03, Andrea Bloomquist PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r13 · c5 · span 1673991–1673997
12Section 03, Kevin Brown PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r16 · c5 · span 1683582–1683588
13Section 03, Francis Lee PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r8 · c5 · span 1658178–1658184
14Section 03, Samuel Hellfeld RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r23 · c10 · span 1706859–1706866
15Section 03, Melissa Barra PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r19 · c10 · span 1694316–1694323
16Section 03, Kevin Brown RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r17 · c10 · span 1687743–1687750
17Section 03, Melissa Barra RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r20 · c10 · span 1696880–1696887
18Section 03, Samuel Hellfeld PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r22 · c5 · span 1702692–1702698
19Section 03, Linda Findley RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r6 · c10 · span 1652819–1652828
20Section 03, Andrea Bloomquist RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r14 · c10 · span 1677755–1677762
21Section 03, Christopher Krusmark PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r25 · c5 · span 1712241–1712247
22Section 03, Linda Findley PSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r4 · c6 · span 1646634–1646641
23Section 03, Francis Lee RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r9 · c10 · span 1661945–1661952
24Section 03, Christopher Krusmark RSUDEF 14A2026-04-080000827187-26-000031Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t95 · r26 · c10 · span 1716005–1716012
25Section 07, pay ratioDEF 14A2026-04-080000827187-26-000031Section “CEO Pay Ratio”. As printed: —. Filing ↗
26Section 08, Phillip M. EylerDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 249,614. Filing ↗machine: t33 · r2 · c5 · span 523735–523742
27Section 08, Angel L. MendezDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 219,114. Filing ↗machine: t33 · r10 · c5 · span 559561–559568
28Section 08, Brenda J. LauderbackDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 211,614. Filing ↗machine: t33 · r7 · c5 · span 546136–546143
29Section 08, Stephen E. MacadamDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 209,922. Filing ↗machine: t33 · r8 · c5 · span 550612–550619
30Section 08, Hilary A. SchneiderDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 209,114. Filing ↗machine: t33 · r11 · c5 · span 563864–563871
31Section 08, Julie M. HowardDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 199,114. Filing ↗machine: t33 · r5 · c5 · span 537181–537188
32Section 08, Deborah L. KilpatrickDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 199,114. Filing ↗
33Section 08, Stephen L. Gulis, JrDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 198,210. Filing ↗machine: t33 · r3 · c5 · span 528224–528231
34Section 08, Michael J. HarrisonDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 72,500. Filing ↗machine: t33 · r4 · c1 · span 529710–529716
35Section 08, Barbara R. MatasDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 52,500. Filing ↗machine: t33 · r9 · c1 · span 552097–552103
36Section 08, Shelly R. IbachDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 0. Filing ↗
37Section 08, Linda A. FindleyDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 0. Filing ↗
38Section 06, 2026 voteForm 8-K2026-05-270000827187-26-000045Item 5.07 · say-on-pay result. As reported: 84.27% (votes for as printed: 10,510,518). Filing ↗
39Section 06, 2025 voteForm 8-K2025-05-290000827187-25-000070Item 5.07 · say-on-pay result. As reported: 77.64% (votes for as printed: 10,724,158). Filing ↗
40Section 06, 2024 voteForm 8-K2024-05-210000827187-24-000043Item 5.07 · say-on-pay result. As reported: 82.73% (votes for as printed: 11,909,529). Filing ↗
41Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
42Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
43Section 09b board cost (computed)ComputedcomputedCash 987,904 + equity 832,912 + all other 0 = 1,820,816, summed across the director compensation table rows.machine: formula: Σ = 1,820,816
44Sleep Number (subject), Section 10b CEO totalDEF 14A2026-04-080000827187-26-000031CEO total compensation as printed in Sleep Number's own proxy. As printed: 6,233,574. Filing ↗machine: t91 · r2 · c2 · span 1404923–1404930