Leggett & Platt (NYSE: LEG) EVP uses 2,076 shares for tax withholding
Rhea-AI Filing Summary
LEGGETT & PLATT EVP Ryan Michael Kleiboeker disposed of 2,076 shares of common stock at $11.50 per share to cover tax withholding obligations, a non‑open‑market transaction. After this, he directly owned 110,105.2119 shares, plus indirect holdings of 1,000 shares in his spouse's IRA and 870.906 shares in a company retirement plan trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,076 shares
Net Sell
3 txns
Insider
KLEIBOEKER RYAN MICHAEL
Role
EVP-Chief Strategic Plan. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,076 | $11.50 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 110,105.2119 shares (Direct);
Common Stock — 1,000 shares (Indirect, By Spouse's IRA);
Common Stock — 870.906 shares (Indirect, Held in Trust Under Issuer's Retirement Plan)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LEGGETT & PLATT (LEG) report for Ryan Michael Kleiboeker?
LEGGETT & PLATT reported that EVP Ryan Michael Kleiboeker disposed of 2,076 shares of common stock. The transaction was coded as tax withholding, meaning shares were used to satisfy tax obligations rather than sold in a traditional open-market trade.
Was the LEGGETT & PLATT insider transaction an open-market sale?
No, the 2,076-share transaction by EVP Ryan Michael Kleiboeker was a tax-withholding disposition. Shares were delivered at $11.50 each to pay tax liabilities, rather than being sold as a discretionary open-market sale on a stock exchange.
What indirect LEGGETT & PLATT holdings are reported for Ryan Michael Kleiboeker?
Indirectly, Ryan Michael Kleiboeker reported 1,000 LEGGETT & PLATT shares held by his spouse’s IRA and 870.906 shares held in a trust under the issuer’s retirement plan. These positions are separate from his 110,105.2119 directly owned common shares.