Form 4: Leggett & Platt Director Acquires Shares in Recent Transaction
SEC Form 4 Filing
Director Joseph W. McClanathan acquired 3,529.6143 shares of Leggett & Platt Inc. common stock at a price of $8.712 per share on July 5, 2024.
Summary
- On July 5, 2024, Joseph W. McClanathan, a director of Leggett & Platt Inc., acquired 3,529.6143 shares of common stock.
- The purchase price was $8.712 per share.
- Following the transaction, McClanathan directly owns 66,753.075 shares of Leggett & Platt Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a director's stock purchase, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, engages in a transaction involving the company's securities. It provides transparency to the market regarding the trading activities of those with privileged information.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence as it signals a director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of transaction: Joseph W. McClanathan acquired shares of Leggett & Platt Inc. |
| 07/08/2024 | Date of signature by attorney-in-fact, Stanley Scott Luton. |
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