Leggett & Platt insider purchase adds 282 shares, stake rises to 83k
Rhea-AI Filing Summary
Leggett & Platt, Inc. (LEG) Form 4 filing: Executive Vice President & Chief Strategic Planning Officer Ryan M. Kleiboeker reported two open-market purchases of the company’s common stock on 07/11/2025. The transactions added 85.3702 shares at $8.6105 and 196.9583 shares at $8.104, totaling 282.3285 new shares. After these trades, the officer’s direct ownership stands at 82,999.4726 shares. Indirect holdings were also disclosed: 1,000 shares in a spouse’s IRA and 862.061 shares in the company’s 401(k) plan. A footnote notes a separate 6.319-share accrual under the 401(k) plan, exempt under Rule 16b-3(c). No derivative security activity was reported, and ownership remains purely in common stock.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small insider purchase (≈282 shares) by LEG EVP; immaterial dollar value, neutral market signal.
The filing documents routine, low-value insider purchases that raise the executive’s direct stake to roughly 83 thousand shares. The aggregate outlay (≈US$2.3 k) is negligible relative to the company’s market capitalization and the insider’s existing position, offering limited insight into future performance or valuation. With no sales, options or derivatives involved, the disclosure does not alter the risk profile or share count in any meaningful way. Consequently, the event is best viewed as non-impactful for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 85.3702 | $8.6105 | $735.08 |
| Grant/Award | Common Stock | 196.9583 | $8.104 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Balance has been updated to reflect the acquisition of 6.319 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 6/30/2025.
FAQ
What is the executive’s total direct ownership after the transactions?
Were any derivative securities involved in this Form 4 filing?
When was the Form 4 signed and filed?
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