Leggett & Platt (LEG) CFO receives stock grant and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC Executive Vice President and CFO Benjamin Michael Burns received a stock award of 136.5034 shares of common stock at a value of $8.2365 per share. This compensation-related grant increased his direct holdings to 190,673.0931 shares of common stock.
He also has indirect holdings, including 31.5640 shares held in trust under the issuer's retirement plan, 1,272.9388 shares held by his spouse, and 24.5810 shares held in a retirement plan trust by his spouse. Footnotes note small additional acquisitions of 0.122 and 0.097 shares under the issuer's 401(k) plan based on a 3/31/2026 plan statement.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BURNS BENJAMIN MICHAEL
Role
Executive Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 136.503 | $8.2365 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 190,673.093 shares (Direct);
Common Stock — 31.564 shares (Indirect, Held In Trust Under Issuer's Retirement Plan)
Footnotes (1)
- Balance has been updated to reflect the acquisition of .122 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 3/31/2026. Balance has been updated to reflect the acquisition of .097 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 3/31/2026.
Key Figures
Stock grant: 136.5034 shares
Grant price: $8.2365 per share
Direct holdings after grant: 190,673.0931 shares
+5 more
8 metrics
Stock grant
136.5034 shares
Common stock award to CFO on 2026-04-02
Grant price
$8.2365 per share
Value used for common stock award
Direct holdings after grant
190,673.0931 shares
CFO direct ownership of LEG common stock
Indirect retirement plan holdings
31.5640 shares
Held in trust under issuer's retirement plan
Spouse holdings
1,272.9388 shares
Indirect ownership via spouse
Spouse retirement plan trust
24.5810 shares
Held in trust under issuer's retirement plan by spouse
401(k) plan update (F1)
0.122 shares
Acquired under issuer's 401(k) plan, Rule 16b-3(c)
401(k) plan update (F2)
0.097 shares
Acquired under issuer's 401(k) plan, Rule 16b-3(c)
Key Terms
Grant, award, or other acquisition, Rule 16b-3(c), 401(k) Plan, Held In Trust Under Issuer's Retirement Plan, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Rule 16b-3(c) regulatory
"transactions exempt under Rule 16b-3(c). The information in this report"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
401(k) Plan financial
"acquisition of .122 shares under the Issuer's 401(k) Plan in transactions"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Held In Trust Under Issuer's Retirement Plan financial
"nature_of_ownership": "Held In Trust Under Issuer's Retirement Plan""
indirect beneficial ownership financial
"ownership_type": "indirect", "ownership_code": "I""
FAQ
What did LEG (Leggett & Platt) CFO Benjamin Burns report on this Form 4?
LEG CFO Benjamin Michael Burns reported receiving a grant of 136.5034 shares of common stock at $8.2365 per share. The award is compensation-related and increased his direct ownership to 190,673.0931 shares, with additional indirect holdings through retirement plans and his spouse.
What type of insider transaction was reported by LEG’s CFO on this Form 4?
The Form 4 shows a grant or award acquisition of LEG common stock, coded “A.” Burns acquired 136.5034 shares at $8.2365 per share. This is classified as compensation-related, not an open-market purchase or sale, and reflects additional equity granted by the company.
What do the 401(k) plan footnotes mean in the LEG Form 4 filing?
The footnotes explain that certain balances were updated to include small acquisitions of 0.122 and 0.097 LEG shares under the issuer’s 401(k) plan. These transactions are exempt under Rule 16b-3(c) and are based on a plan statement dated March 31, 2026.