Leggett & Platt (NYSE: LEG) CFO gets 42,253 RSUs with tax shares withheld
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.
Insider Trade Summary
Net Buyer: 40,322 shares
Net Buy
5 txns
Insider
BURNS BENJAMIN MICHAEL
Role
Executive Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,253 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,931 | $11.83 | $23K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 187,744.7633 shares (Direct);
Common Stock — 31.442 shares (Indirect, Held In Trust Under Issuer's Retirement Plan);
Common Stock — 1,272.9388 shares (Indirect, By Spouse);
Common Stock — 24.484 shares (Indirect, Held In Trust Under Issuer's Retirement Plan By Spouse)
Footnotes (1)
- F1. 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.
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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
