Leggett & Platt (LEG) insider records stock trades in SEC filing
Rhea-AI Filing Summary
LEGGETT & PLATT INC (symbol: LEG) is the issuer of record for a Form 4 filing submitted to the SEC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 193,982.3173 shares
Net Sell
7 txns
Insider
BURNS BENJAMIN MICHAEL
Role
Executive Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Cash-Settled Restricted Stock Units F5 | 170,308 | -- | -- |
| Disposition | Cash-Settled Restricted Stock Units F5 | 170,308 | -- | -- |
| Grant/Award | Common Stock F1 | 170,312 | $0.00 | $0.00 |
| Disposition | Common Stock F2 | 362,964.9905 | -- | -- |
| Disposition | Common Stock F3 | 31.699 | -- | -- |
| Disposition | Common Stock F4 | 1,272.9388 | -- | -- |
| Disposition | Common Stock F3 | 24.689 | -- | -- |
Holdings After Transaction:
Cash-Settled Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct);
Common Stock — 0 shares (Indirect, Held In Trust Under Issuer's Retirement Plan);
Common Stock — 0 shares (Indirect, By Spouse);
Common Stock — 0 shares (Indirect, Held In Trust Under Issuer's Retirement Plan By Spouse)
Footnotes (5)
- F1. Leggett & Platt, Incorporated (Leggett), Somnigroup International Inc (Somnigroup), and Sparrow Unity Corporation, a wholly owned subsidiary of Somnigroup (Merger Sub) entered into an Agreement and Plan of Merger, dated 4/13/26 (the Merger Agreement), pursuant to which Merger Sub merged with and into Leggett (the Merger). At the effective time of the Merger (the Effective Time), each outstanding Leggett performance stock unit for which the performance period had not yet ended was assumed by Somnigroup and converted into the right to receive 0.1455 restricted stock units with respect to shares of Somnigroup common stock (each, a Somnigroup RSU) on the same terms, except the performance vesting conditions were deemed achieved at 200% of target (Assumed PSU Awards). The total represents a deemed acquisition by the reporting person of Leggett shares underlying the portion of the Assumed PSU Awards that, by their original terms, were to be settled in shares of Leggett common stock.
- F2. Reflects shares of Leggett common stock, outstanding Leggett restricted stock unit awards, and the portion of the Assumed PSU Awards held by the reporting person that, by their terms, were to be settled in shares of Leggett common stock, each of which, at the Effective Time, was converted into the right to receive 0.1455 shares of Somnigroup common stock or Somnigroup RSUs, or the cash equivalent thereof, as applicable, pursuant to the terms of the Merger Agreement.
- F3. Reflects shares beneficially owned by the reporting person held in trust in the Leggett retirement plan, each of which, at the Effective Time, was cancelled and converted into the right to receive 0.1455 shares of Somnigroup common stock.
- F4. Reflects shares beneficially owned by the reporting person held by spouse, each of which, at the Effective Time, was cancelled and converted into the right to receive 0.1455 shares of Somnigroup common stock.
- F5. The total in columns 5 and 7 represents the portion of the Assumed PSU Awards held by the reporting person that, by their original terms, were to be settled in cash. At the Effective Time, each such Assumed PSU Award was assumed by Somnigroup and converted into a Somnigroup RSU that represents a conditional right to receive a cash payment equal to the closing price of Somnigroup common stock on the applicable vesting date. Such Somnigroup RSUs will vest on the same schedule as the Assumed PSU Awards, on December 31, 2026, December 31, 2027 and December 31, 2028, respectively, and cash payments therefor will be delivered to the reporting person no later than March 15 following the respective vesting date.
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