Leggett & Platt (NYSE: LEG) EVP receives stock grant, holds 110K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC executive Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, received a grant of 93.7765 shares of common stock at $8.2365 per share on April 2, 2026. Following this award, he holds 110,174.6291 shares directly, plus 1,000 shares indirectly through his spouse’s IRA and 874.1340 shares held in a trust under the issuer’s retirement plan. The trust balance reflects the acquisition of 3.228 shares under the company’s 401(k) plan based on a statement dated March 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KLEIBOEKER RYAN MICHAEL
Role
EVP-Chief Strategic Plan. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93.777 | $8.2365 | $772.39 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 110,174.629 shares (Direct);
Common Stock — 1,000 shares (Indirect, By Spouse's IRA)
Footnotes (1)
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Key Figures
Stock grant: 93.7765 shares
Grant price: $8.2365 per share
Direct holdings after grant: 110,174.6291 shares
+3 more
6 metrics
Stock grant
93.7765 shares
Common stock award on April 2, 2026
Grant price
$8.2365 per share
Price for awarded common stock
Direct holdings after grant
110,174.6291 shares
Common stock directly owned after transaction
Spouse IRA holdings
1,000.0000 shares
Indirect ownership via spouse’s IRA
Retirement plan trust holdings
874.1340 shares
Indirect holdings in trust under issuer’s retirement plan
401(k) plan acquisition
3.228 shares
Additional shares acquired under 401(k) plan as of March 31, 2026
Key Terms
Rule 16b-3(c), 401(k) Plan, IRA, EVP-Chief Strategic Plan. Off., +1 more
5 terms
Rule 16b-3(c) regulatory
"transactions exempt under Rule 16b-3(c). The information in this report"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
401(k) Plan financial
"acquisition of 3.228 shares under the Issuer's 401(k) Plan in"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
IRA financial
"nature_of_ownership": "By Spouse's IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
EVP-Chief Strategic Plan. Off. financial
"officer_title": "EVP-Chief Strategic Plan. Off.""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did LEG executive Ryan Michael Kleiboeker report in this Form 4 filing for LEG?
Ryan Michael Kleiboeker reported receiving a grant of 93.7765 shares of LEG common stock at $8.2365 per share. This award increased his direct holdings to 110,174.6291 shares, with additional indirect holdings through his spouse’s IRA and the company’s retirement plan trust.
Was the LEG stock transaction by Ryan Michael Kleiboeker an open-market purchase or a grant?
The transaction is reported with code A, indicating a grant, award, or other acquisition of shares, not an open-market purchase. He received 93.7765 LEG shares at $8.2365 per share as compensation or a similar award rather than buying them on the market.