Leggett & Platt insider purchases 317.42 shares at ~$7.21
Rhea-AI Filing Summary
Leggett & Platt (LEG) Form 4: An officer, Ryan Michael Kleiboeker, reported purchases of the issuer's common stock on 10/03/2025. The report shows two non-derivative acquisitions: 95.9822 shares at $7.6585 and 221.4415 shares at $7.2080, both marked Code V for transactions under a plan or instruction. After these transactions the filing lists beneficial ownership balances of 84,756.023 and 84,977.4645 shares respectively. The reporting person also has 1,000 shares indirectly via a spouse's IRA and 866.213 shares held in trust under the issuer's retirement plan, with a remark that 4.152 shares were acquired in the issuer's 401(k) plan per a plan statement dated as of 9/30/2025. The Form 4 was signed by an attorney-in-fact on 10/06/2025.
Positive
- None.
Negative
- None.
Insights
Officer purchases of common stock were reported on 10/03/2025
The reported purchases total 317.4237 shares executed in two non-derivative transactions, recorded with Code V, which indicates acquisitions under a written plan or instruction that can provide an affirmative defense under Rule 10b5-1. Holding disclosure shows large aggregate beneficial ownership in the 84,000–85,000 share range, plus indirect holdings: 1,000 by spouse's IRA and 866.213 in a retirement trust.
Dependence on plan timing and plan documentation is the main monitoring point; the report references a plan statement dated 9/30/2025. Investors might note insider purchases as a governance signal; if plan-exempt purchases continue, subsequent filings will clarify whether activity follows scheduled plan terms over the next 12 months.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 95.982 | $7.6585 | $735.08 |
| Grant/Award | Common Stock | 221.442 | $7.208 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- [object Object]