Form 4: Leggett & Platt EVP Disposes Shares in Pre-Planned Sale

Leggett & Platt's EVP-Chief Strategic Planning Officer, Ryan Michael Kleiboeker, reported the disposition of 299 shares of common stock at $12.13 per share in a pre-planned transaction.

Summary

• Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer of Leggett & Platt Inc. (LEG), reported changes in his beneficial ownership of the company's common stock.
• On January 20, 2026, a total of 299 shares of common stock were disposed of through multiple transactions.
• The shares were disposed of at a price of $12.13 per share.
• These transactions were executed pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.
• Following these dispositions, Mr. Kleiboeker directly beneficially owns 88,547.3359 shares of common stock.
• Additionally, Mr. Kleiboeker indirectly owns 1,000 shares through a Spouse's IRA and 870.906 shares held in trust under the Issuer's Retirement Plan.

Sentiment

Score: 5

Explanation: The filing reports a standard insider transaction (disposition of shares, likely for tax purposes) under a Rule 10b5-1 plan, which is generally considered neutral in terms of market sentiment. It does not indicate any significant positive or negative developments for the company.

Positives

• The transactions were conducted under a Rule 10b5-1(c) plan, which signifies pre-planning and helps mitigate concerns about opportunistic insider trading.
• The officer retains a substantial direct and indirect beneficial ownership of Leggett & Platt common stock, maintaining alignment with shareholder interests.

Negatives

• The disposition of shares, even if for tax purposes, results in a reduction of the officer's direct equity stake in the company.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• The disposition of shares by an executive officer (Ryan Michael Kleiboeker) is considered a related party transaction as it involves an insider of Leggett & Platt Inc.

Stakeholder Impact

• Shareholders: The disposition of a relatively small number of shares by an executive is unlikely to have a material impact on the company's stock price or long-term value. The pre-planned nature (10b5-1) mitigates concerns about opportunistic selling.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned disposition of a relatively small number of shares by an executive, likely for tax purposes. It does not provide new information that would fundamentally alter the investment thesis for Leggett & Platt Inc. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than this specific insider transaction.

Keywords

Leggett & Platt, LEG, Form 4, Insider Transaction, Beneficial Ownership, Ryan Michael Kleiboeker, Stock Disposition, Rule 10b5-1, Executive Compensation