Form 4: Leggett & Platt Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert S. Smith Jr., an executive at Leggett & Platt, disposed of shares to satisfy tax withholding obligations related to vested restricted stock.
Summary
- On February 24, 2025, Robert S. Smith Jr., EVP, Pres. Spec. and FF&T of Leggett & Platt Inc., disposed of 156 shares of common stock.
- The transaction was executed at a price of $9.58 per share.
- Following the transaction, Smith directly owns 43,655.3709 shares of Leggett & Platt common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. They can be influenced by factors such as vesting schedules, tax planning, and personal financial decisions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it involves a small number of shares compared to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: Robert S. Smith Jr. disposed of shares. |
| 02/25/2025 | Date of signature: Form 4 signed by Stanley Scott Luton, attorney-in-fact. |
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