[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Leggett & Platt, Inc. (LEG) Form 4 filing: Senior Vice President & Chief Accounting Officer Tammy M. Trent reported two small plan-based acquisitions of common stock on 07/11/2025. She acquired 71.2131 shares at $8.6105 and 83.4378 shares at $8.1040, adding a total of roughly 154.65 shares to her direct position.
Following these transactions, Trent’s direct ownership increased to 66,726.1486 shares. She also holds 5,756.983 shares in the company’s 401(k) plan and 18,704.1061 shares through the Trent Living Trust, both reported as indirect holdings. No derivative securities were involved, and the acquisitions were coded “A,” indicating routine, non-open-market activity exempt under Rule 16b-3(c) (company retirement and discount stock plans).
The filing shows continued insider participation in company equity programs but involves a de-minimis share count relative to Trent’s existing stake and LEG’s share count, suggesting limited market impact.
Positive
- Insider purchase: CAO Tammy Trent added approximately 154.65 shares, raising direct ownership to about 66.7 k shares.
- Ongoing plan participation: Additional holdings in the 401(k) and Discount Stock Plan demonstrate continued engagement with company equity programs.
Negative
- Immaterial size: The acquired shares represent an insignificant fraction of both insider ownership and LEG’s float, limiting signaling value.
Insights
TL;DR: Routine plan-based insider buys; symbolic confidence but too small to move valuation.
The CAO’s purchase of ~155 shares via the 401(k) and discount stock plans marginally raises her direct holdings to ~66.7 k shares. Because the transactions are automatic and total under US$1,350, they neither signal aggressive accumulation nor materially alter insider ownership percentages. With no derivatives exercised and no open-market purchases, I view the filing as neutral for investors—affirming ongoing employee participation without conveying strong new information about fundamentals.