Leggett & Platt director swaps 51K shares for Somnigroup
LEGGETT & PLATT INC (LEG) director Angela Barbee reported the disposition to the issuer of 51,033.3719 shares of common stock on August 26, 2026, leaving no directly held LEG shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC (LEG) director Angela Barbee reported the disposition to the issuer of 51,033.3719 shares of common stock on August 26, 2026, leaving no directly held LEG shares. The disposition occurred in connection with a merger in which each LEG share or restricted stock unit became the right to receive 0.1455 Somnigroup International Inc. common shares or Somnigroup restricted stock units, as applicable.
Insider Trade Summary
Disposition: 51,033.3719 shares
Disposition
1 txn
Insider
BARBEE ANGELA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 51,033.3719 | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. Leggett & Platt, Incorporated ("Leggett"), Somnigroup International Inc. ("Somnigroup"), and Sparrow Unity Corporation, a direct, wholly owned subsidiary of Somnigroup ("Merger Sub") entered into an Agreement and Plan of Merger, dated April 13, 2026 (the "Merger Agreement") pursuant to which Merger Sub merged with and into Leggett (the "Merger"). The total reflects shares of Leggett common stock and outstanding Leggett restricted stock unit awards, each of which, at the effective time of the Merger (the "Effective Time"), was converted into the right to receive 0.1455 shares of Somnigroup common stock or Somnigroup restricted stock units (to be settled in cash), as applicable, pursuant to the terms of the Merger Agreement.
Key Figures
Shares disposed: 51,033.3719 shares of LEG common stock
Shares held after transaction: 0.0000 shares of LEG common stock
Equity conversion ratio: 0.1455 Somnigroup shares or Somnigroup RSUs per LEG share or LEG RSU
3 metrics
Shares disposed
51,033.3719 shares of LEG common stock
Disposition to issuer reported on August 26, 2026
Shares held after transaction
0.0000 shares of LEG common stock
Direct holdings reported following the merger-related disposition
Equity conversion ratio
0.1455 Somnigroup shares or Somnigroup RSUs per LEG share or LEG RSU
Conversion at the Effective Time of the merger under the Merger Agreement
Key Terms
Agreement and Plan of Merger, Effective Time, restricted stock unit, Disposition to issuer, +1 more
5 terms
Agreement and Plan of Merger regulatory
"entered into an Agreement and Plan of Merger, dated April 13, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"at the effective time of the Merger (the "Effective Time"), was converted"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
restricted stock unit financial
"outstanding Leggett restricted stock unit awards, each of which, at the effective time"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Merger Sub regulatory
"Sparrow Unity Corporation, a direct, wholly owned subsidiary of Somnigroup ("Merger Sub")"
A merger sub is a temporary, wholly owned subsidiary that an acquiring company creates to carry out a merger with another firm. Think of it as a wrapper used to combine two businesses—this can simplify legal and tax steps, isolate liabilities, and help preserve the target’s contracts or stock structure, so investors watch it because the chosen approach affects deal mechanics, shareholder votes, potential dilution, and legal or tax risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LEG director Angela Barbee report on this Form 4?
Angela Barbee reported a disposition of 51,033.3719 LEG common shares to the issuer on August 26, 2026, in connection with a merger. Following this transaction, she reported 0 LEG shares held directly.
Was Angela Barbee’s LEG (LEG) Form 4 transaction executed under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the merger-driven disposition was reported as a Disposition to issuer rather than a trading-plan sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
