Form 4: Leggett & Platt EVP Acquires 20,075 Restricted Stock Units

Leggett & Platt's EVP-Chief Strategic Planning Officer, Ryan Michael Kleiboeker, acquired 20,075 restricted stock units and disposed of 872 shares for tax purposes.

Summary

• Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer of Leggett & Platt Inc (LEG), reported changes in beneficial ownership.
• On February 26, 2026, Mr. Kleiboeker acquired 20,075 shares of Common Stock, representing restricted stock units (RSUs).
• These RSUs are settled solely in common stock on a one-to-one basis and generally vest in one-third increments on the first, second, and third anniversaries of the grant date.
• On the same date, Mr. Kleiboeker disposed of 872 shares of Common Stock at a price of $11.83 per share, likely for tax withholding related to the RSU transaction.
• Following these transactions, Mr. Kleiboeker directly beneficially owns 107,810.8241 shares of Common Stock.
• Indirect beneficial ownership includes 1,000 shares held in a Spouse's IRA and 870.906 shares held in Trust Under Issuer's Retirement Plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. The RSU grant aligns executive interests with long-term company performance, while the associated share disposition for tax purposes is a standard, non-discretionary event.

Positives

• The acquisition of 20,075 restricted stock units aligns the executive's interests with long-term shareholder value, as the units vest over several years.

Negatives

• The disposition of 872 shares of Common Stock at $11.83 is a routine transaction, typically for tax withholding purposes upon the vesting or grant of restricted stock units, and is not indicative of a negative outlook.

Future Outlook

The restricted stock units acquired by Mr. Kleiboeker are scheduled to vest in one-third increments on the first, second, and third anniversaries of the grant date, indicating a future commitment to the company's performance.

Industry Context

StockSavvy.ai notes that executive compensation often includes equity awards like restricted stock units, which are designed to incentivize long-term performance and align management's financial interests with those of shareholders. This type of transaction is a common practice across various industries.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive signal of management's continued commitment and alignment with long-term company performance.

Next Steps

• The restricted stock units will vest in one-third increments on the first, second, and third anniversaries of the grant date.

Key Dates

Keywords

Leggett & Platt, LEG, insider transaction, Form 4, restricted stock units, RSU, executive compensation, beneficial ownership