[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Leggett & Platt (LEG) EVP & President-Bedding Products James Tyson Hagale filed a Form 4 covering two small open-market acquisitions on 07/25/2025. He bought 124.2355 shares at $8.7805 and 279.2461 shares at $8.2640, totaling 403.4816 shares. Following the purchases, Hagale’s direct ownership rose to 140,304.4492 shares.
The transactions are coded “A” (acquisition) and appear routine, likely through a dividend-reinvestment or similar plan given the fractional shares reported. No derivative activity was disclosed.
While the dollar value is modest, continued insider buying can be viewed as a signal of management confidence. However, the purchase size is immaterial relative to both Hagale’s existing position (≈0.3% incremental) and LEG’s float, so market impact should be limited.
Positive
- Executive purchase signal: An officer increased his direct LEG holdings, an indicator—albeit small—of internal confidence.
Negative
- None.
Insights
TL;DR Minor insider buy (~400 shares) by LEG EVP; directionally positive but economically immaterial—unlikely to change valuation.
The Form 4 shows two acquisitions totaling 403.48 shares at prices around $8.3–$8.8. Hagale now owns roughly 140.3k shares, so the purchase increases his stake by less than 1%. Coding as “A” without a checkmark in column V suggests a dividend-reinvestment or employee plan rather than open-market opportunism. Historically, fractional-share DRIP purchases provide weak predictive power for stock performance. Nevertheless, any insider purchase—as opposed to a sale—sends a favorable governance signal. Because of the negligible size and lack of new strategic information, I classify the event as not impactful for investors.