Form 4: Leggett & Platt Executive Benjamin Burns Reports Acquisition of Restricted Stock Units

Executive Vice President and CFO of Leggett & Platt, Benjamin Michael Burns, reports the acquisition of restricted stock units.

Summary

• On February 28, 2025, Benjamin Michael Burns, Executive Vice President and CFO of Leggett & Platt, acquired 49,597 shares of common stock in the form of restricted stock units.
• These restricted stock units were acquired at a price of $0.
• Following the transaction, Burns directly owns 133,184.417 shares of common stock.
• Burns also indirectly owns 30.733 shares held in trust under the issuer's retirement plan, 1,272.9388 shares by spouse, and 23.924 shares held in trust under the issuer's retirement plan by spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The restricted stock units vest over three years, suggesting a continued involvement of the executive with the company.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.

Stakeholder Impact

• The acquisition of restricted stock units by a key executive can reassure shareholders about the executive's commitment to the company's long-term success.

Key Dates