Form 4: Leggett & Platt EVP Sells Shares Under 10b5-1 Plan

Leggett & Platt's EVP, President of Bedding Products, James Tyson Hagale, reported a disposition of 1,448 common shares at $12.13 per share, executed under a pre-arranged 10b5-1 plan.

Summary

• James Tyson Hagale, Executive Vice President and President of Bedding Products at Leggett & Platt Inc. (LEG), reported a transaction involving the company's common stock.
• The transaction, dated January 20, 2026, involved the disposition of 1,448 shares of common stock.
• The shares were disposed of at a price of $12.13 per share.
• This disposition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged and scheduled sale.
• Following this reported transaction, James Tyson Hagale beneficially owns 146,778.177 shares of Leggett & Platt common stock.
• The transaction code 'F' typically signifies a payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security.

Sentiment

Score: 5

Explanation: A neutral score as this is a routine insider transaction (disposition for tax purposes under a 10b5-1 plan) and does not inherently signal positive or negative sentiment about the company's future prospects.

Future Outlook

The filing indicates a pre-planned transaction under a Rule 10b5-1 plan, suggesting a scheduled future event rather than a discretionary sale based on immediate market conditions. This type of plan is often used by insiders to manage equity compensation and personal financial planning.

Industry Context

This is a routine insider transaction filing (Form 4) for an executive at Leggett & Platt, a diversified manufacturer of engineered components and products. Such filings are common across all industries for executives managing their equity compensation and personal financial planning, often through pre-arranged 10b5-1 plans to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the transaction's nature (tax-related under a 10b5-1 plan) suggests it is not indicative of a change in management's confidence in the company's future performance.

Key Dates

Keywords

Leggett & Platt, LEG, Insider Trading, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, James Tyson Hagale, Bedding Products