Leggett & Platt (LEG) EVP gets 37,604 stock units, with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leggett & Platt executive Robert S. Smith Jr. received a grant of 37,604 restricted stock units, settled in common stock on a one-to-one basis, which generally vest in one-third increments on the first, second and third anniversaries of the grant date. On the same day, 1,714 shares of common stock were disposed of at $11.83 per share to cover tax liabilities, leaving him with 144,008.3062 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH ROBERT S JR
Role
EVP, Pres. - Spec. and FF&T
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,604 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,714 | $11.83 | $20K |
Holdings After Transaction:
Common Stock — 145,722.306 shares (Direct)
Footnotes (1)
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FAQ
What did LEG executive Robert S. Smith Jr. report on this Form 4?
He reported receiving 37,604 restricted stock units in Leggett & Platt common stock and a related tax-withholding disposition of 1,714 shares, leaving him with 144,008.3062 directly held shares after the transactions on the reported date.
What is the vesting schedule for Robert S. Smith Jr.’s new LEG restricted stock units?
The restricted stock units generally vest in one-third increments on the first, second and third anniversaries of the grant date. Each unit is settled solely in Leggett & Platt common stock on a one-to-one basis when the vesting conditions are satisfied.
What do the restricted stock units reported by LEG’s Robert S. Smith Jr. represent?
They represent restricted stock units that are settled solely in Leggett & Platt common stock on a one-to-one basis. The units generally vest over three years in equal annual installments, aligning ongoing ownership with continued service and award conditions.