Form 4: Leggett & Platt Executive Ryan Kleiboeker Disposes of Shares to Cover Tax Obligations

Leggett & Platt's EVP-Chief Strategic Plan. Off., Ryan Michael Kleiboeker, disposed of a total of 155 shares of common stock on January 21, 2025, to cover tax obligations.

Summary

• Ryan Michael Kleiboeker, an EVP at Leggett & Platt, disposed of 155 shares of common stock on January 21, 2025.
• The shares were disposed of at a price of $10.91 per share.
• The transactions were made to cover tax obligations related to the vesting of stock awards.
• Following these transactions, Mr. Kleiboeker directly owns 57,493.2021 shares of Leggett & Platt common stock.
• He also indirectly owns 1,000 shares through his spouse's IRA and 851.985 shares held in trust under the company's retirement plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives who receive stock-based compensation and need to cover tax liabilities.

Stakeholder Impact

• The stock disposal is unlikely to have a significant impact on shareholders, as it is a small transaction by an executive to cover tax obligations.

Key Dates

Keywords

Leggett & Platt, Ryan Kleiboeker, stock disposal, executive, Form 4, insider trading, tax obligations