Form 4: Leggett & Platt Executive Vice President Sells Shares to Cover Tax Obligations

Leggett & Platt's Executive Vice President and CFO, Benjamin Michael Burns, sold 1,782 shares of common stock to cover tax obligations.

Summary

• Benjamin Michael Burns, Executive Vice President and CFO of Leggett & Platt, sold 1,782 shares of common stock on January 21, 2025.
• The sale was executed at a price of $10.91 per share.
• This transaction was conducted to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Burns directly owns 85,156.5391 shares of Leggett & Platt common stock.
• He also indirectly owns 30.733 shares held in trust under the issuer's retirement plan, 1,272.9388 shares held by his spouse, and 23.924 shares held in trust under the issuer's retirement plan by his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives to manage their personal finances and tax obligations related to stock-based compensation. It is common for executives to sell shares after vesting.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive stock sales.
• Many executives at similar companies regularly sell shares to cover tax liabilities or for personal financial planning.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale by an executive.

Key Dates

Keywords

Leggett & Platt, insider trading, stock sale, executive compensation, Form 4, Benjamin Michael Burns, CFO, tax obligations