Form 4: Leggett & Platt SVP Tammy M. Trent Reports Stock Disposal to Cover Tax Obligations

Tammy M. Trent, SVP and Chief Accounting Officer of Leggett & Platt, disposed of 413 shares of common stock on March 11, 2024, to cover tax obligations.

Summary

• On March 11, 2024, Tammy M. Trent, the SVP Chief Accounting Officer of Leggett & Platt Inc., disposed of 413 shares of the company's common stock.
• The transaction was executed at a price of $20.68 per share.
• This disposal was conducted to cover tax obligations.
• Following the transaction, Ms. Trent directly owns 46,569.6224 shares of Leggett & Platt common stock.
• She also indirectly owns 5,408.339 shares held in trust under the issuer's retirement plan and 18,598.257 shares through the Trent Living Trust.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate officers who regularly transact in their company's stock. It provides transparency into insider transactions.

Stakeholder Impact

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

Key Dates