Tenable Holdings Set to Join S&P SmallCap 600

Rhea-AI Summary

Tenable Holdings (NASD: TENB) will be added to the S&P SmallCap 600, replacing Leggett & Platt (NYSE: LEG), effective prior to the open on August 31, 2026, according to S&P Dow Jones Indices. Leggett & Platt is being acquired by Somnigroup International (NYSE: SGI), a constituent of the S&P MidCap 400, in a transaction expected to close soon, subject to final conditions.

The index change will place Tenable in the Information Technology sector within the S&P SmallCap 600, while Leggett & Platt, classified in Consumer Discretionary, will be deleted from that index on the same effective date.

Positive

• Tenable added to S&P SmallCap 600 effective August 31, 2026
• Somnigroup acquiring Leggett & Platt, triggering index rebalancing

Negative

• Leggett & Platt removed from S&P SmallCap 600 on August 31, 2026

Market Context

LEG's recent news record included a -3.51% 24-hour reaction after merger approval, despite the favor...

Analysis

LEG's recent news record included a -3.51% 24-hour reaction after merger approval, despite the favorable procedural update. That history frames the index deletion alongside moderate short positioning as relevant context.

Key Figures

Effective Date: August 31, 2026

1 metrics

Effective Date August 31, 2026 S&P SmallCap 600 index change

Historical Context

5 past events · Latest: Aug 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 20	Merger approval	Positive	-3.5%	Shareholders approved the merger, with regulatory and closing conditions still outstanding.
Aug 06	2Q26 earnings	Negative	-6.3%	Sales and reported EPS declined, despite improvement in adjusted EBIT, margin, and adjusted EPS.
Jul 30	Dividend declaration	Positive	-2.4%	The board declared a third-quarter cash dividend of $0.05 per share.
Jul 23	Earnings scheduling	Neutral	-1.1%	The company scheduled its second-quarter 2026 earnings release for August 6.
Jun 22	Product launch	Positive	-3.0%	Leggett Dynamics launched an automotive seat massage system already in production with a global OEM.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

LEG's recent news reactions were negative across favorable, mixed, and informational announcements, indicating repeated divergence from positive or neutral news.

Key Terms

s&p smallcap 600, s&p midcap 400, constituent, gics sector

4 terms

s&p smallcap 600 financial

"will replace Leggett & Platt Inc. in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

s&p midcap 400 financial

"S&P MidCap 400 constituent Somnigroup International Inc."

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

constituent financial

"S&P MidCap 400 constituent Somnigroup International Inc."

A constituent is a single component of a larger financial grouping, such as one company’s stock within a market index or an individual holding inside a fund. Knowing which constituents are included helps investors understand what they own or track, the sources of returns and risks, and how changes to those pieces can alter the overall performance—like checking ingredients to predict a recipe’s flavor and effects.

gics sector financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Aug. 26, 2026 /PRNewswire/ -- Tenable Holdings Inc. (NASD: TENB) will replace Leggett & Platt Inc. (NYSE: LEG) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, August 31. S&P MidCap 400 constituent Somnigroup International Inc. (NYSE: SGI) is acquiring Leggett & Platt in a deal expected to be completed soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name		Action	Company Name	Ticker	GICS Sector
Aug 31, 2026	S&P SmallCap 600	Addition		Tenable Holdings	TENB	Information Technology
Aug 31, 2026	S&P SmallCap 600	Deletion		Leggett & Platt	LEG	Consumer Discretionary

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SOURCE S&P Dow Jones Indices

FAQ

When will Tenable Holdings (TENB) join the S&P SmallCap 600 index?

Tenable Holdings will join the S&P SmallCap 600 before trading opens on August 31, 2026. According to S&P Dow Jones Indices, Tenable will be added as an Information Technology company during this index rebalancing, replacing Leggett & Platt.

Which company is Tenable Holdings (TENB) replacing in the S&P SmallCap 600 on August 31, 2026?

Tenable Holdings will replace Leggett & Platt (LEG) in the S&P SmallCap 600 on August 31, 2026. According to S&P Dow Jones Indices, Leggett & Platt will be deleted from the index due to its pending acquisition.

Why is Leggett & Platt (LEG) being removed from the S&P SmallCap 600 index?

Leggett & Platt is being removed because it is being acquired by Somnigroup International (SGI). According to S&P Dow Jones Indices, this acquisition, expected to close soon pending final conditions, triggers Leggett & Platt’s deletion from the S&P SmallCap 600.

What sector classification will Tenable Holdings (TENB) have in the S&P SmallCap 600?

Tenable Holdings will be classified in the Information Technology sector within the S&P SmallCap 600. According to S&P Dow Jones Indices, this sector assignment reflects Tenable’s business profile as it enters the index on August 31, 2026.

How does Somnigroup International (SGI) factor into the S&P index changes involving LEG and TENB?

Somnigroup International, an S&P MidCap 400 constituent, is acquiring Leggett & Platt. According to S&P Dow Jones Indices, this pending acquisition leads to Leggett & Platt’s removal from the S&P SmallCap 600 and the simultaneous addition of Tenable Holdings.

Will Somnigroup International (SGI) change indexes after acquiring Leggett & Platt (LEG)?

The announcement does not state any index change for Somnigroup International. According to S&P Dow Jones Indices, SGI remains an S&P MidCap 400 constituent while acquiring Leggett & Platt, which is being removed from the S&P SmallCap 600.