Leggett & Platt (LEG) EVP granted additional common shares in Form 4
Rhea-AI Filing Summary
LEGGETT & PLATT INC executive Lindsey Nicole Odaffer received a stock award rather than buying shares on the market. As EVP and Chief HR Officer, she was granted 83.3064 shares of common stock on 2026-03-20 at a value of $8.1175 per share, as part of compensation.
Following the grant, she holds 85,295.8034 common shares directly, indicating a substantial ongoing equity stake, plus 25.0290 additional shares held indirectly in a trust under the company’s retirement plan. The filing shows no open‑market purchases or sales and no derivative option exercises.
Positive
- None.
Negative
- None.
Insights
Routine stock grant increases executive’s equity, with no market buying or selling.
The EVP and Chief HR Officer received 83.3064 common shares as a stock award at an implied value of $8.1175 per share. This transaction is coded as a grant/award acquisition, meaning it is part of compensation rather than an open‑market trade.
After this award, her direct holdings rise to 85,295.8034 shares, plus 25.0290 shares held indirectly in a retirement plan trust. With no reported purchases, sales, or derivative exercises, this looks like standard equity compensation, typically viewed as a neutral, ongoing alignment mechanism between management and shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83.306 | $8.1175 | $676.24 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
FAQ
What did LEG (Leggett & Platt) executive Lindsey Nicole Odaffer report in this Form 4?
Was the Form 4 transaction for LEG an open-market buy or sell by Lindsey Nicole Odaffer?
What role does Lindsey Nicole Odaffer hold at Leggett & Platt (LEG)?
Does the LEG Form 4 show any derivative securities or option exercises for Lindsey Nicole Odaffer?