[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Leggett & Platt, Inc. (LEG) filed a Form 4 showing two automatic share acquisitions by Executive Vice President & Chief Financial Officer Benjamin Michael Burns on 11 July 2025.
- Shares acquired: 126.6883 at $8.6105 and 284.7594 at $8.1040, totaling 411.4477 shares (≈ $3.4 thousand).
- Post-transaction holdings: 139,836.9946 directly owned shares, plus 31.111 shares in the company 401(k) plan, 1,272.9388 shares held by his spouse, and 24.22 shares in his spouse’s 401(k) plan.
- Transaction code “A” indicates acquisitions under employee stock/retirement plans exempt under Rule 16b-3(c), not discretionary open-market purchases.
- No derivative security activity was reported, and there were no dispositions.
The filing reflects routine participation in company stock and retirement programs, marginally increasing insider ownership without materially affecting the company’s share structure or signaling a strategic shift.
Positive
- CFO increased direct ownership by 411.4477 shares, reinforcing alignment with shareholders.
- No insider sales were reported, which can be interpreted as a modest confidence signal.
Negative
- Purchase size is immaterial (≈ $3.4 k) and represents a routine plan contribution rather than a discretionary investment, limiting its signaling value.
Insights
TL;DR: Small, plan-based insider buy; negligible near-term valuation impact.
The CFO’s acquisition of roughly 0.3 % of his existing stake (≈ $3.4 k) is immaterial relative to LEG’s 139 million-share float. Because the purchases were coded “A,” they stem from standing benefit programs, so they do not necessarily reflect management’s tactical view on valuation. Nevertheless, the absence of any sales and continued accumulation supports governance alignment but is unlikely to influence trading dynamics or analyst estimates.
TL;DR: Routine equity plan activity; governance stance unchanged.
Regular participation in employee stock and 401(k) discount plans maintains management–shareholder alignment. The filing contains no red flags—no pledging, option exercises, or inter-family transfers. Given the de minimis size, board oversight and insider-trading safeguards appear intact, classifying the event as governance-neutral.