Leggett & Platt (NYSE: LEG) HR chief reports new stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ODAFFER LINDSEY NICOLE reported acquisition or exercise transactions in this Form 4 filing.
Leggett & Platt executive Lindsey Nicole Odaffer, EVP and Chief HR Officer, reported a grant or award of 74.8426 shares of common stock at $9.0355 per share. After this award, she directly owns 85,392.497 common shares, with an additional 25.029 shares held indirectly in a retirement plan trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ODAFFER LINDSEY NICOLE
Role
EVP - Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 74.843 | $9.0355 | $676.24 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 85,392.497 shares (Direct);
Common Stock — 25.029 shares (Indirect, Held in Trust Under Issuer's Retirement Plan)
Footnotes (1)
FAQ
What insider transaction did LEG executive Lindsey Nicole Odaffer report?
Lindsey Nicole Odaffer reported receiving a grant or award of 74.8426 shares of Leggett & Platt common stock at $9.0355 per share. This was classified as an acquisition-type transaction rather than an open-market purchase or sale, reflecting executive equity-based compensation.
Was the LEG executive’s Form 4 transaction a buy or a grant?
The Form 4 for LEG shows a grant or award acquisition, not an open-market buy. The transaction code is “A,” meaning a grant, award, or other acquisition of 74.8426 common shares at $9.0355 per share as part of compensation, rather than a discretionary purchase.
What does indirect ownership in LEG’s retirement plan mean on this Form 4?
The filing shows 25.029 LEG shares held indirectly in a trust under the issuer’s retirement plan. This indicates those shares are held for the executive’s benefit within the plan structure, rather than being held directly in a regular brokerage or personal account.