Form 4: Leggett & Platt Executive Ryan Kleiboeker Reports Stock Transactions

Ryan Michael Kleiboeker, EVP-Chief Strategic Plan. Off. at Leggett & Platt Inc, reports acquisition of company stock through various transactions.

Summary

• Ryan Michael Kleiboeker, an executive at Leggett & Platt Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On April 5, 2024, Kleiboeker acquired 44.524 shares of common stock at $15.8865 per share and 154.3399 shares at $14.952 per share.
• Following these transactions, Kleiboeker directly owns 30,857.2548 shares of Leggett & Platt common stock.
• He also indirectly owns 1,000 shares through his spouse's IRA and 824.2938 shares held in trust under the issuer's retirement plan.
• The report also reflects the acquisition of 14.5208 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c).
• The information regarding the 401(k) plan is based on a plan statement dated March 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The executive's purchase of shares could be interpreted as a positive signal about their confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's sentiment about the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company executives as an indicator of their confidence in the company's performance.

Key Dates