Form 4: Leggett & Platt CFO Increases Stake Through Recent Stock Acquisitions

Leggett & Platt's Executive Vice President and CFO, Benjamin Michael Burns, reported recent acquisitions of common stock, increasing his direct and indirect beneficial ownership.

Summary

• Benjamin Michael Burns, Executive Vice President and Chief Financial Officer of Leggett & Platt Inc. (LEG), reported changes in his beneficial ownership of common stock.
• On July 11, 2025, Mr. Burns acquired 126.6883 shares of common stock at a price of $8.6105 per share.
• On the same date, he acquired an additional 284.7594 shares of common stock at a price of $8.104 per share.
• Following these transactions, Mr. Burns's direct beneficial ownership stands at 139,836.9946 shares.
• Indirect beneficial ownership includes 31.111 shares held in trust under the Issuer's Retirement Plan, 1,272.9388 shares held by his spouse, and 24.22 shares held in trust under the Issuer's Retirement Plan by his spouse.
• The reported balances reflect acquisitions of 12.6319 shares under the Issuer's Discount Stock Plan and 0.237 shares under the Issuer's 401(k) Plan, both exempt under Rule 16b-3(c), based on statements dated June 30, 2025.
• An additional 0.184 shares were acquired by the spouse under the Issuer's 401(k) Plan, also exempt under Rule 16b-3(c), based on a statement dated June 30, 2025.

Sentiment

Score: 7

Explanation: The filing indicates an insider, the CFO, increased their stake in the company, which is generally viewed positively as it signals confidence in future performance, though the transaction size is relatively small in the context of total holdings.

Positives

• Executive Vice President and CFO Benjamin Michael Burns increased his direct beneficial ownership in Leggett & Platt Inc. through open market acquisitions, signaling confidence in the company's future.
• The acquisitions, including those through company-sponsored plans, demonstrate continued alignment of management's interests with those of shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisitions of shares occurred under the Issuer's Discount Stock Plan and 401(k) Plan, which are common employee benefit arrangements and are exempt under Rule 16b-3(c).

Stakeholder Impact

• Shareholders may interpret the insider stock acquisitions as a positive signal of management's confidence in the company's future prospects and valuation.

Key Dates

Recommendation

Keywords

Leggett & Platt, LEG, Form 4, insider trading, stock acquisition, beneficial ownership, CFO, executive stock, SEC filing