Form 4: Leggett & Platt EVP Chief HR Officer Reports Stock Disposal
SEC Form 4 Filing
Lindsey Nicole Odaffer, EVP Chief HR Officer of Leggett & Platt Inc, reports the disposal of 396 shares of common stock to cover tax obligations.
Summary
- On February 26, 2025, Lindsey Nicole Odaffer, EVP Chief HR Officer of Leggett & Platt Inc, disposed of 396 shares of common stock at a price of $9.41 per share.
- This transaction was to cover tax obligations related to vesting restricted stock.
- Following the transaction, Odaffer directly owns 29,993.1522 shares of Leggett & Platt Inc.
- Odaffer also indirectly owns 24.463 shares held in trust under the Issuer's Retirement Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock disposal for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, common among executives with equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Disposal of 396 shares of common stock. |
| 02/27/2025 | Date of signature by attorney-in-fact. |
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