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Vanguard Capital Management holds 5% of Leggett & Platt (NYSE: LEG)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Leggett & Platt Inc: Vanguard Capital Management reports beneficial ownership of 6,798,800 shares of Common Stock, representing 5% of the class. The filing shows sole voting power over 1,023,921 shares and sole dispositive power over all 6,798,800 shares. The filing is signed by Ashley Grim.

Positive

  • None.

Negative

  • None.

Insights

Vanguard holds a 5% passive stake with full dispositive control shown.

Vanguard Capital Management reports 6,798,800 shares or 5% ownership, with sole dispositive power over those shares and sole voting power over 1,023,921 shares. The filing is a Schedule 13G disclosure, indicating passive investment intent under the form's criteria.

Implications depend on future amendments or shifts to an active filing; subsequent filings would show changes in percent, voting power, or a conversion to Schedule 13D if the intent becomes active.

Beneficial ownership 6,798,800 shares reported on Schedule 13G
Percent of class 5% percent of common stock class
Sole voting power 1,023,921 shares shares with sole voting power
Sole dispositive power 6,798,800 shares shares with sole dispositive power
CUSIP 524660107 Leggett & Platt Inc Common Stock
Filing signature date 04/30/2026 signed by Ashley Grim
Schedule 13G regulatory
"Vanguard Capital Management reports beneficial ownership on Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive power financial
"Sole Dispositive Power 6,798,800.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Company Act regulatory
"investment companies registered under the Investment Company Act of 1940"
The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.





524660107

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.


SCHEDULE 13G



Vanguard Capital Management
Signature:Ashley Grim
Name/Title:Head of Global Fund Administration
Date:04/30/2026

FAQ

What stake does Vanguard Capital Management report in LEG?

Vanguard reports ownership of 6,798,800 shares, equal to 5% of Leggett & Platt. The Schedule 13G discloses that Vanguard has sole dispositive power over those 6,798,800 shares and sole voting power over 1,023,921 shares.

Does Vanguard exercise voting control over all its LEG shares?

No. Vanguard shows sole voting power over 1,023,921 shares. The filing also lists sole dispositive power over 6,798,800 shares, indicating the ability to direct sales but not voting control for the full block.

What does filing a Schedule 13G mean for LEG share ownership?

Schedule 13G signals a passive investment reporting threshold was met. It indicates ownership disclosure under passive-investor rules rather than an active acquisition intent; any change in intent or control would typically trigger a different filing form.

Who signed the Schedule 13G for Vanguard on this filing?

The filing is signed by Ashley Grim, Head of Global Fund Administration. The signature certifies the information provided, including the 6,798,800 shares beneficially owned and the voting/dispositive power statements.

Is the 5% ownership a combined total for Vanguard affiliates?

Yes. The filing states the 5% reflects Vanguard Capital Management LLC and listed affiliates. It notes that securities held by certain Vanguard funds and affiliate divisions are included under the reporting business unit's dispositive power.