Form 4: Leggett & Platt Executive Ryan Kleiboeker Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Ryan Michael Kleiboeker of Leggett & Platt Inc. reported acquiring shares of common stock through various transactions.
Summary
- Ryan Michael Kleiboeker, an Executive Vice President at Leggett & Platt Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On January 10, 2025, Kleiboeker acquired 85.7439 shares of common stock at a price of $8.2365 per share.
- On the same day, he also acquired 198.4598 shares of common stock at a price of $7.752 per share.
- Following these transactions, Kleiboeker directly owns 57,517.0179 shares of common stock.
- Additionally, he indirectly owns 1,000 shares through his spouse's IRA and 851.985 shares held in trust under the company's retirement plan.
- The report also notes an acquisition of 2.972 shares under the Issuer's 401(k) Plan, based on a plan statement dated December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative in itself.
Positives
- The executive's increased stake in the company could be seen as a positive sign of confidence in the company's future.
Industry Context
This is a routine filing related to insider trading and is common for executives of 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 as part of their compensation or participate in company retirement plans.
- The number of shares acquired is not unusual for an executive at this level.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect an executive's personal investment decisions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the plan statement for the Issuer's 401(k) Plan. |
| 01/10/2025 | Date of the reported stock transactions. |
| 01/13/2025 | Date the Form 4 was signed. |
Keywords
Leggett & Platt, stock, Form 4, insider trading, executive, share acquisition, beneficial ownership, Ryan Kleiboeker
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.