Form 4: Leggett & Platt CFO Acquires Shares Under Pre-Arranged Plan

Leggett & Platt's Executive Vice President and CFO, Benjamin Michael Burns, acquired additional common stock through a pre-arranged trading plan.

Summary

• Benjamin Michael Burns, Executive Vice President and CFO of Leggett & Platt Inc. (LEG), acquired common stock.
• On July 15, 2025, Burns acquired 119.3624 shares of common stock at a price of $8.313 per share.
• On the same date, an additional 56.0123 shares of common stock were acquired at $7.824 per share.
• These transactions were conducted under a Rule 10b5-1(c) pre-arranged trading plan.
• Following these acquisitions, Burns directly holds 140,012.3693 shares of common stock.
• Indirect holdings include 31.111 shares held in trust under the issuer's retirement plan, 1,272.9388 shares held by spouse, and 24.22 shares held in trust under the issuer's retirement plan by spouse.

Sentiment

Score: 6

Explanation: The acquisition of shares by the CFO, even if small and under a pre-arranged plan, generally indicates continued alignment of management interests with shareholders and a degree of confidence in the company.

Positives

• Insider acquisition of shares by a key executive (CFO) can signal confidence in the company's future prospects.
• The transactions were executed under a Rule 10b5-1(c) pre-arranged trading plan, indicating a scheduled, non-discretionary purchase.

Negatives

• The acquired share amounts (119.3624 and 56.0123 shares) are relatively small, suggesting these might be routine acquisitions (e.g., through compensation plans or dividend reinvestment) rather than a significant discretionary investment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The acquisition by a key executive may be viewed positively as it aligns management's interests with shareholder value, though the small scale of the transaction limits its significance.

Key Dates

Recommendation

Keywords

Leggett & Platt, LEG, insider trading, Form 4, Benjamin Michael Burns, CFO, stock acquisition, common stock, Rule 10b5-1, beneficial ownership