Leggett & Platt (LEG) EVP reports 1,920-share tax withholding disposition
Rhea-AI Filing Summary
LEGGETT & PLATT EVP reports tax-related share disposition
EVP and Chief HR Officer Lindsey Nicole Odaffer reported a Form 4 transaction where 1,920 shares of Leggett & Platt common stock were disposed of on March 2, 2026 at $11.50 per share in a tax-withholding disposition, not an open-market trade. After this, she directly owns 85,317.6544 shares, and an additional 25.0290 shares are held indirectly in a trust under the issuer's retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,920 shares
Net Sell
2 txns
Insider
ODAFFER LINDSEY NICOLE
Role
EVP - Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,920 | $11.50 | $22K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 85,317.6544 shares (Direct);
Common Stock — 25.029 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 LEG EVP Lindsey Nicole Odaffer report on this Form 4 for LEG?
Lindsey Nicole Odaffer reported a tax-withholding disposition of Leggett & Platt common stock. On March 2, 2026, 1,920 shares were disposed of at $11.50 per share to cover tax obligations, rather than through an open-market sale.
Was the LEG Form 4 transaction by Lindsey Nicole Odaffer a typical open-market stock sale?
No, the Form 4 shows a Code F tax-withholding disposition, not an open-market sale. 1,920 shares were surrendered at $11.50 per share to satisfy tax or exercise-price obligations associated with equity compensation.
What does the indirect ownership entry in the LEG Form 4 for Lindsey Nicole Odaffer represent?
The indirect ownership entry shows 25.0290 shares of Leggett & Platt common stock held in a trust under the issuer’s retirement plan. This line reflects holding information only, without specifying a new purchase or sale transaction code.
How is the Form 4 transaction by LEG EVP Lindsey Nicole Odaffer classified in terms of direction?
The primary transaction is classified as a disposition. The filing labels it a tax-withholding disposition where 1,920 shares were delivered to cover obligations, while no explicit buy or sell activity is recorded for open-market trading.
What role does Lindsey Nicole Odaffer hold at Leggett & Platt (LEG) in this Form 4 filing?
In this Form 4, Lindsey Nicole Odaffer is identified as an Executive Vice President and Chief HR Officer of Leggett & Platt. Her position makes her a reporting officer required to disclose equity transactions and holdings in the company’s common stock.