Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-24

Sleep Number Corp (SNBRQ)

CEO Linda Findley was paid $6,233,574 in 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
36th
CEO pay percentile vs peers
—
CEO-to-median pay ratio
93.72%
Say-on-pay support, latest vote

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Companies that benchmark against SNBRQ
No companies currently name SNBRQ as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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 CEO
Francis Lee412,7400602,5830001,098,8342,114,157
Former EVP and CFO
Andrea Bloomquist275,7140547,7970001,085,3691,908,880
Former EVP and Chief Innovation Officer
Shelly Ibach530,769000001,115,4971,646,266
Former President and CEO
Kevin Brown171,9940369,762000937,3061,479,062
Former EVP and Chief Marketing Officer
Robert Ryder0000001,264,5621,264,562
Former Interim CFO
Melissa Barra614,4820547,79700030,0321,192,311
EVP and Chief Sales and Services Officer
Samuel Hellfeld568,975150,000451,93300020,4071,191,315
EVP and Chief Legal and Risk Officer
Christopher Krusmark482,4770301,29900023,239807,015
EVP and Chief Retail and People Officer
Amy O’Keefe24,0380570,49000060594,588
EVP and CFO

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 FY2024→2025
Linda Findley$6,233,574———
Francis Lee2,114,1571,571,3473,164,899+542,810
Andrea Bloomquist1,908,8801,441,9901,823,484+466,890
Shelly Ibach1,646,2666,583,4096,349,191−4,937,143
Kevin Brown1,479,062———
Robert Ryder1,264,562———
Melissa Barra1,192,3111,436,4111,818,569−244,100
Samuel Hellfeld1,191,3151,308,2931,547,259−116,978
Christopher Krusmark807,015949,360—−142,345
Amy O’Keefe594,588———

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Shelly IbachPSU90,946—$781,226
Christopher KrusmarkRSU11,116—95,486
Christopher KrusmarkRSU19,914—171,061
Samuel HellfeldRSU29,870—256,583
Samuel HellfeldPSU16,674—143,230
Melissa BarraRSU36,206—311,010
Andrea BloomquistPSU2,541—21,827
Melissa BarraPSU20,211—173,612
Andrea BloomquistPSU8,158—70,077
Samuel HellfeldRSU14,484—124,418
Melissa BarraPSU36,206—311,010
Samuel HellfeldPSU28,870—247,993
Kevin BrownPSU4,946—42,486
Amy O’KeefePSU69,742—599,084
Linda FindleyRSU181,029—1,555,039
Linda FindleyPSU362,057—3,110,070
Linda FindleyPSU181,028—1,555,039
Kevin BrownPSU713—6,125
Samuel HellfeldOption4,54728.41—
Melissa BarraRSU13,474—115,742
Melissa BarraOption5,45528.41—
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. The Company aims to align target total direct compensation opportunities with the market median while providing opportunity for top quartile compensation for Company performance above established goals.

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
20262026-05-2110,510,518704,3491,257,12993.72%Passed
20252025-05-2810,724,1582,675,268414,08080.03%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
20262026-05-2193.72%a
20252025-05-2880.03%b
20242024-05-2182.73%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Phillip M. EylerIndependent · Board Chair · Management Development and Compensation Committee$145,500$104,114$0—$0$249,614
Angel L. MendezIndependent · Audit Committee · Corporate Governance and Nominating Committee (Chair)115,000104,1140—0219,114
Brenda J. LauderbackIndependent · Departed during FY107,500104,1140—0211,614
Stephen E. MacadamIndependent · Audit Committee (Chair) · Corporate Governance and Nominating Committee105,808104,1140—0209,922
Hilary A. SchneiderIndependent · Management Development and Compensation Committee (Chair)105,000104,1140—0209,114
Deborah L. Kilpatrick, Ph.DIndependent · Management Development and Compensation Committee · Corporate Governance and Nominating Committee95,000104,1140—0199,114
Julie M. HowardIndependent · Audit Committee · Management Development and Compensation Committee95,000104,1140—0199,114
Stephen L. Gulis JrIndependent · Departed during FY94,096104,1140—0198,210
Michael J. HarrisonIndependent · Not standing for re-election72,50000—072,500
Barbara R. MatasIndependent · Not standing for re-election52,50000—052,500
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.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Sleep Number Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Sleep Number Corp.

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
1Peloton Interactive, Inc.2025Peter Stern$615,385$10,792,378$5,000,000$0$18,236,835
2Leggett & Platt, Incorporated2025Karl Glassman1,275,0006,692,31802,284,09910,893,870
3Dolby Laboratories, Inc.2025Kevin Yeaman950,0006,244,9562,067,450893,00010,193,397
4Steelcase Inc.2025Sara Armbruster1,031,2506,254,26602,434,37310,173,889
5Sonos, Inc.2025Tom Conrad1,258,6546,073,1930146,4168,275,354
6HNI Corporation2025Jeffrey Lorenger1,056,7405,092,31601,787,4048,218,947
7Inspire Medical Systems, Inc.2025Timothy Herbert750,5725,999,6550961,5577,711,784
8Arlo Technologies, Inc.2025Matthew McRae790,0005,590,0000963,8007,358,402
9La-Z-Boy Incorporated2026Melinda Whittington1,063,0004,711,84701,261,7197,295,975
10Sleep Number Corp2025Linda Findley853,8464,104,519006,233,574
11Beyond, Inc.2025Marcus Lemonis05,928,963005,928,963
12The Lovesac Company2026Shawn Nelson598,0001,995,77601,085,0004,955,340
13OneWater Marine Inc.2025Anthony Aisquith800,0002,520,04001,180,0004,545,986
14Ethan Allen Interiors, Inc.2026M. Farooq Kathwari1,150,0501,518,0020531,3003,253,570
15Haverty Furniture Companies, Inc.2025Steven Burdette650,0001,072,1920844,3502,635,789

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Sleep Number Corpnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc. (FW Cook)
Arlo Technologies, Inc.122%PSU 100NoPay Governance
Beyond, Inc.84.9%PSU 50 · RSU 50NoFW Cook
Dolby Laboratories, Inc.94%RSU 50 · PSU 25 · Options 25Yes — 3-Year Annualized TSR Dolby vs. S&P Midcap 400 IndexCompensia / FW Cook
Ethan Allen Interiors, Inc.not disclosednot disclosednot disclosednot disclosed
Haverty Furniture Companies, Inc.not disclosedPRSU 80 · RSU 20not disclosedMeridian Compensation Partners, LLC
HNI Corporationnot disclosedPSU 50 · RSU 50not disclosedExequity LLP
Inspire Medical Systems, Inc.111.4%PSU 50 · RSU 50NoAon
La-Z-Boy Incorporatednot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Leggett & Platt, Incorporatednot disclosednot disclosednot disclosedMeridian
OneWater Marine Inc.not disclosednot disclosednot disclosedAon
Peloton Interactive, Inc.not disclosedRSU 50 · PSU 25 · Options 25NoCompensia and F.W. Cook
Sonos, Inc.not disclosednot disclosednot disclosednot disclosed
Steelcase Inc.192%PSU 60 · RSU 40Yes — rTSRCompensation Advisory Partners (CAP)
The Lovesac Companynot disclosednot disclosednot disclosedFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Sleep Number Corp in fiscal 2025?
As disclosed, Linda Findley, President and CEO, was the highest-paid executive at Sleep Number Corp in fiscal 2025 with total compensation of $6,233,574.
How does Sleep Number Corp's chief executive pay compare to its disclosed peer group?
The filing shows that the CEO's pay ranked at the 36th percentile of the disclosed peer group.
What is Sleep Number Corp's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on Sleep Number Corp's executive compensation?
Shareholders voted in support of executive compensation with a 93.72% approval rate.
How much does Sleep Number Corp spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $1,820,816 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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 “Executive Compensation”. As printed: 6,233,574. Filing ↗
2Section 01, Francis LeeDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 2,114,157. Filing ↗
3Section 01, Andrea BloomquistDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,908,880. Filing ↗
4Section 01, Shelly IbachDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,646,266. Filing ↗
5Section 01, Kevin BrownDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,479,062. Filing ↗
6Section 01, Robert RyderDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,264,562. Filing ↗
7Section 01, Melissa BarraDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,192,311. Filing ↗
8Section 01, Samuel HellfeldDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 1,191,315. Filing ↗
9Section 01, Christopher KrusmarkDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 807,015. Filing ↗
10Section 01, Amy O’KeefeDEF 14A2026-04-080000827187-26-000031Section “Executive Compensation”. As printed: 594,588. Filing ↗
11Section 08, Phillip M. EylerDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 249,614. Filing ↗machine: span 523252–523843
12Section 08, Angel L. MendezDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 219,114. Filing ↗machine: span 559077–559669
13Section 08, Brenda J. LauderbackDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 211,614. Filing ↗machine: span 545652–546244
14Section 08, Stephen E. MacadamDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 209,922. Filing ↗machine: span 550128–550720
15Section 08, Hilary A. SchneiderDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 209,114. Filing ↗machine: span 563380–563972
16Section 08, Deborah L. Kilpatrick, Ph.DDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 199,114. Filing ↗machine: span 541185–541777
17Section 08, Julie M. HowardDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 199,114. Filing ↗machine: span 536698–537289
18Section 08, Stephen L. Gulis JrDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 198,210. Filing ↗machine: span 527741–528332
19Section 08, Michael J. HarrisonDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 72,500. Filing ↗machine: span 529204–529817
20Section 08, Barbara R. MatasDEF 14A2026-04-080000827187-26-000031Section “Director Compensation”. As printed: 52,500. Filing ↗machine: span 551590–552204
21Section 06, 2026 voteForm 8-K2026-05-270000827187-26-000045Item 5.07 · say-on-pay result. As reported: 93.72% (votes for as printed: 10,510,518). Filing ↗
22Section 06, 2025 voteForm 8-K2025-05-290000827187-25-000070Item 5.07 · say-on-pay result. As reported: 80.03% (votes for as printed: 10,724,158). Filing ↗
23Section 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 ↗
24Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 09b board cost (computed)Computed——Cash 987,904 + equity 832,912 + all other 0 = 1,820,816, summed across the director compensation table rows.machine: formula: Σ = 1,820,816
26Peloton Interactive, Inc., Section 10b CEO totalDEF 14A2025-10-240001193125-25-249989CEO total compensation as printed in Peloton Interactive, Inc.'s own proxy. As printed: 18,236,835. Filing ↗machine: span 1053868–1053878
27Leggett & Platt, Incorporated, Section 10b CEO totalDEF 14A2026-04-070001193125-26-144643CEO total compensation as printed in Leggett & Platt, Incorporated's own proxy. As printed: 10,893,870. Filing ↗machine: r4 · c10 · span 1662832–1662843
28Dolby Laboratories, Inc., Section 10b CEO totalDEF 14A2025-12-160001193125-25-320032CEO total compensation as printed in Dolby Laboratories, Inc.'s own proxy. As printed: 10,193,397. Filing ↗machine: r3 · c38 · span 684772–684782
29Steelcase Inc., Section 10b CEO totalDEF 14A2025-05-280001050825-25-000082CEO total compensation as printed in Steelcase Inc.'s own proxy. As printed: 10,173,889. Filing ↗machine: span 673033–673043
30Sonos, Inc., Section 10b CEO totalDEF 14A2026-01-220001314727-26-000021CEO total compensation as printed in Sonos, Inc.'s own proxy. As printed: 8,275,354. Filing ↗machine: r2 · c48 · span 699019–699028
31HNI Corporation, Section 10b CEO totalDEF 14A2026-03-250001140361-26-011104CEO total compensation as printed in HNI Corporation's own proxy. As printed: 8,218,947. Filing ↗machine: t142 · r2 · c25 · span 751396–751405
32Inspire Medical Systems, Inc., Section 10b CEO totalDEF 14A2026-03-200001140361-26-010490CEO total compensation as printed in Inspire Medical Systems, Inc.'s own proxy. As printed: 7,711,784. Filing ↗machine: r2 · c25 · span 1164868–1164877
33Arlo Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016680CEO total compensation as printed in Arlo Technologies, Inc.'s own proxy. As printed: 7,358,402. Filing ↗machine: r2 · c19 · span 935213–935222
34La-Z-Boy Incorporated, Section 10b CEO totalDEF 14A2026-07-150000057131-26-000024CEO total compensation as printed in La-Z-Boy Incorporated's own proxy. As printed: 7,295,975. Filing ↗machine: r3 · c21 · span 898934–898943
35Sleep Number Corp (subject), Section 10b CEO totalDEF 14A2026-04-080000827187-26-000031CEO total compensation as printed in Sleep Number Corp's own proxy. As printed: 6,233,574. Filing ↗
36Beyond, Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011489CEO total compensation as printed in Beyond, Inc.'s own proxy. As printed: 5,928,963. Filing ↗machine: r2 · c25 · span 1236937–1236946
37The Lovesac Company, Section 10b CEO totalDEF 14A2026-04-230001308179-26-000324CEO total compensation as printed in The Lovesac Company's own proxy. As printed: 4,955,340. Filing ↗machine: r1 · c14 · span 696345–696354
38OneWater Marine Inc., Section 10b CEO totalDEF 14A2026-01-090001772921-26-000010CEO total compensation as printed in OneWater Marine Inc.'s own proxy. As printed: 4,545,986. Filing ↗machine: span 272162–272171
39Ethan Allen Interiors, Inc., Section 10b CEO totalDEF 14A2026-09-240001539497-26-002587CEO total compensation as printed in Ethan Allen Interiors, Inc.'s own proxy. As printed: 3,253,570. Filing ↗machine: span 744597–744606
40Haverty Furniture Companies, Inc., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021584CEO total compensation as printed in Haverty Furniture Companies, Inc.'s own proxy. As printed: 2,635,789. Filing ↗machine: r7 · c33 · span 460464–460473
41Section 10a, Arlo Technologies, Inc. reciprocityDEF 14A—0001140361-26-016680Arlo Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
42Section 10a, Haverty Furniture Companies, Inc. reciprocityDEF 14A—0001628280-26-021584Haverty Furniture Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
43Section 10a, La-Z-Boy Incorporated reciprocityDEF 14A—0000057131-26-000024La-Z-Boy Incorporated's most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
44Section 10a, Dolby Laboratories, Inc. reciprocityDEF 14A—0001193125-25-320032Dolby Laboratories, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
45Section 10a, Peloton Interactive, Inc. reciprocityDEF 14A—0001193125-25-249989Peloton Interactive, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
46Section 10a, Inspire Medical Systems, Inc. reciprocityDEF 14A—0001140361-26-010490Inspire Medical Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
47Section 10a, Ethan Allen Interiors, Inc. reciprocityDEF 14A—0001539497-26-002587Ethan Allen Interiors, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
48Section 10a, Beyond, Inc. reciprocityDEF 14A—0001140361-26-011489Beyond, Inc.'s most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
49Section 10a, HNI Corporation reciprocityDEF 14A—0001140361-26-011104HNI Corporation's most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
50Section 10a, The Lovesac Company reciprocityDEF 14A—0001308179-26-000324The Lovesac Company's most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗
51Section 10a, Leggett & Platt, Incorporated reciprocityDEF 14A—0001193125-26-144643Leggett & Platt, Incorporated's most recent proxy was read; its disclosed peer group does not include Sleep Number Corp. Filing ↗

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