Leggett & Platt (LEG) EVP Odaffer granted shares, updates plan holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC executive Lindsey Nicole Odaffer, EVP and Chief HR Officer, reported a Form 4 showing a compensation-related share award and updated plan holdings. She received a grant of 78.9257 shares of common stock at $9.2990 per share, increasing her directly held position to 86,453.3659 shares. She also reports 25.2350 shares held indirectly in a trust under the company’s retirement plan. Footnotes state that balances now reflect additional shares acquired under the issuer’s Discount Stock Plan and 401(k) Plan in transactions exempt under Rule 16b-3.
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 | 78.926 | $9.299 | $733.93 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 86,453.366 shares (Direct);
Common Stock — 25.235 shares (Indirect, Held in Trust Under Issuer's Retirement Plan)
Footnotes (1)
- Balance has been updated to reflect the acquisition of 311.548 shares under the Issuer's Discount Stock Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a statement dated 6/30/2026. Balance has been updated to reflect the acquisition of .1095 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 6/30/2026.
Key Figures
Grant shares: 78.9257 shares
Grant price: $9.2990 per share
Direct holdings after transaction: 86,453.3659 shares
+3 more
6 metrics
Grant shares
78.9257 shares
Grant, award, or other acquisition of common stock
Grant price
$9.2990 per share
Price per share for the 78.9257-share acquisition
Direct holdings after transaction
86,453.3659 shares
Directly owned LEG common stock following the grant
Indirect holdings after transaction
25.2350 shares
Held in trust under issuer's retirement plan
Discount Stock Plan acquisition
311.548 shares
Additional shares acquired under Discount Stock Plan per footnote
401(k) Plan acquisition
0.1095 shares
Additional shares acquired under 401(k) Plan per footnote
Key Terms
Rule 16b-3(c), Discount Stock Plan, 401(k) Plan, Held in Trust Under Issuer's Retirement Plan
4 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.
Discount Stock Plan financial
"acquisition of 311.548 shares under the Issuer's Discount Stock Plan"
401(k) Plan financial
"acquisition of .1095 shares under the Issuer's 401(k) Plan in transactions"
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.
Held in Trust Under Issuer's Retirement Plan financial
"Held in Trust Under Issuer's Retirement Plan"
FAQ
What did LEG (Leggett & Platt) executive Lindsey Odaffer report on this Form 4?
Lindsey Nicole Odaffer reported a grant of 78.9257 shares of LEG common stock at $9.2990 per share, plus updated balances in company-related retirement and discount stock plans.
Are any of Lindsey Odaffer’s LEG holdings reported as indirect ownership?
Yes. The Form 4 shows 25.2350 shares of LEG common stock held indirectly in a trust under the issuer’s retirement plan, separate from her directly owned shares.
What do the Rule 16b-3(c) references mean in Lindsey Odaffer’s LEG Form 4?
Footnotes state that balances include shares acquired under the Discount Stock Plan and 401(k) Plan in transactions exempt under Rule 16b-3(c), indicating board- or plan-approved, insider-trading-rule-exempt acquisitions.
Does Lindsey Odaffer’s LEG Form 4 report any stock sales?
No. The structured data show no sell transactions. The only reportable activity is a grant/award acquisition of 78.9257 shares and updated plan-related holdings.