Leggett & Platt (NYSE: LEG) board member gets $7.50 stock grant
Rhea-AI Filing Summary
LEGGETT & PLATT INC (LEG) reported an insider equity award to a board member. Director and reporting person Srikanth Padmanabhan received a grant of 206.6595 shares of common stock on August 24, 2026, at a reported value of $7.5040 per share, classified as a grant, award, or other acquisition.
After this award, the director's directly owned common stock holdings increased to 69,845.1183 shares. The filing’s Rule 10b5-1 checkbox was not marked as being made under a trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 206.6595 shares
Net Buy
1 txn
Insider
Padmanabhan Srikanth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 206.6595 | $7.504 | $2K |
Holdings After Transaction:
Common Stock — 69,845.1183 shares (Direct)
Key Figures
Shares granted: 206.6595 shares
Grant value per share: $7.5040 per share
Shares owned after transaction: 69,845.1183 shares
3 metrics
Shares granted
206.6595 shares
Equity grant to director on August 24, 2026
Grant value per share
$7.5040 per share
Reported transaction price for the August 24, 2026 grant
Shares owned after transaction
69,845.1183 shares
Director’s directly owned LEG common stock following the grant
Key Terms
grant, award, or other acquisition, direct ownership, Form 4
3 terms
grant, award, or other acquisition financial
"transaction code description is "grant, award, or other acquisition""
direct ownership financial
"ownership_type is listed as direct for the reported shares"
Form 4 regulatory
"Insider transaction by a director is reported on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did LEG (LEGGETT & PLATT INC) disclose in this Form 4?
LEG disclosed that director and reporting person Srikanth Padmanabhan received a grant of 206.6595 shares of common stock on August 24, 2026, reported as a grant, award, or other acquisition rather than a market purchase.
Was the LEG director’s reported transaction made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning the reported August 24, 2026 equity award to the director was not identified as being made pursuant to a Rule 10b5-1 trading plan.
Is the transaction in LEG’s Form 4 a buy or a grant to the insider?
The Form 4 classifies the August 24, 2026 transaction as a grant, award, or other acquisition of 206.6595 shares of LEG common stock to the director, rather than a market buy or sell.
AI-generated analysis. How Rhea-AI works. Not financial advice.