[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Rhea-AI Filing Summary
On 07/25/2025 Leggett & Platt, Inc. (LEG) Executive Vice President & Chief Financial Officer Benjamin Michael Burns filed a Form 4 disclosing two open-market acquisitions of common stock. The officer purchased 124.2355 shares at $8.7805 and 279.2461 shares at $8.264, adding a total of 403.4816 shares to his direct position. Following the transactions, Mr. Burns directly owns 140,136.6048 LEG shares. Indirectly, he holds 31.111 shares through the issuer’s retirement plan, 1,272.9388 shares through his spouse, and 24.22 shares in his spouse’s retirement plan. No sales or derivative security activity were reported.
Positive
- CFO insider purchase: Executive Vice President & CFO added 403.4816 LEG shares, marginally increasing his direct stake and signaling personal confidence.
Negative
- Immaterial size: The purchase represents less than 0.3% of the executive’s existing holdings, limiting its financial and signaling impact.
Insights
TL;DR: Small insider buy by CFO; sentiment mildly positive, financial impact negligible.
The Form 4 shows Mr. Burns increased his stake by only 0.29% (≈403 shares vs. 140k held). While insider buying from a C-suite executive is generally viewed as a confidence signal, the dollar value is minimal, suggesting routine accumulation—possibly via an employee purchase plan. No options were exercised and no derivatives were disclosed, indicating straightforward cash purchases. Given the limited size, I classify the filing as sentiment-positive but not price-moving.
TL;DR: Routine compliance filing; governance impact neutral.
The transaction involves fractional-share purchases at two price points, with no complexity or derivative structures. Indirect holdings are transparently listed, and the filing is timely, reflecting good governance practice. However, the scale is too small to alter ownership dynamics or board influence. Therefore, the governance significance is neutral; investors should monitor but not over-interpret.