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Leggett & Platt (NYSE: LEG) CFO gets 42,253 RSUs with tax shares withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Leggett & Platt Executive Vice President and CFO Benjamin Michael Burns received an equity award of 42,253 restricted stock units, which, according to the footnote, generally vest in one-third increments on the first, second and third anniversaries of the grant date and are settled in common stock on a one-to-one basis. To cover taxes, 1,931 shares of common stock were disposed of at $11.83 per share through share withholding, rather than an open-market sale. After these transactions, he directly holds about 187,744.7633 common shares, with additional small indirect holdings through the company retirement plan and his spouse.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BURNS BENJAMIN MICHAEL

(Last) (First) (Middle)
NO. 1 LEGGETT ROAD

(Street)
CARTHAGE MO 64836

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LEGGETT & PLATT INC [ LEG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President - CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/26/2026 A 42,253(1) A $0 189,675.7633 D
Common Stock 02/26/2026 F 1,931 D $11.83 187,744.7633 D
Common Stock 31.442 I Held In Trust Under Issuer's Retirement Plan
Common Stock 1,272.9388 I By Spouse
Common Stock 24.484 I Held In Trust Under Issuer's Retirement Plan By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted stock units (settled solely in common stock on a one-to-one basis), which generally vest in one-third increments on the first, second and third anniversaries of the grant date.
Remarks:
/s/ Stanley Scott Luton, attorney-in-fact 02/27/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did LEG CFO Benjamin Michael Burns report in this Form 4?

Benjamin Michael Burns reported receiving 42,253 restricted stock units and a related tax-withholding share disposition. The award vests in three annual installments and is settled in common stock, increasing his long-term equity alignment with Leggett & Platt shareholders.

How many Leggett & Platt (LEG) shares were granted to the CFO?

The CFO received an award of 42,253 restricted stock units, each settling into one share of common stock. These units generally vest in one-third increments on each of the first three anniversaries of the grant date, encouraging multi‑year retention and performance focus.

Why were 1,931 LEG shares disposed of in this insider filing?

The 1,931 shares were disposed of to satisfy tax obligations through share withholding at $11.83 per share. This Form 4 code F transaction is a tax-withholding disposition, not an open-market sale, and is common when restricted stock units vest or are granted.

How many LEG shares does the CFO hold after these transactions?

After the reported grant and tax withholding, the CFO directly holds 187,744.7633 Leggett & Platt common shares. He also has small indirect holdings through the issuer’s retirement plan and his spouse, reflecting both direct and family-related ownership interests.

How do the new LEG restricted stock units vest for the CFO?

The restricted stock units generally vest in one-third increments on the first, second and third anniversaries of the grant date. On each vesting date, the units convert into Leggett & Platt common shares on a one-to-one basis, subject to continued service conditions.

Are the indirect LEG share holdings in this Form 4 controlled by the CFO?

The Form 4 lists indirect holdings in a company retirement plan and by his spouse, but does not detail specific voting or investment authority. These entries simply disclose additional beneficial ownership connected to him, separate from his directly held common stock.
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