Leggett & Platt EVP receives stock grant, withholds shares
Leggett & Platt executive Lindsey Nicole Odaffer reported equity compensation activity involving company common stock.
Rhea-AI Filing Summary
Leggett & Platt executive Lindsey Nicole Odaffer reported equity compensation activity involving company common stock. She acquired 19,152 restricted stock units for no cash consideration through a grant or award, increasing her directly held shares to 83,343.6864 immediately after the award.
The filing also shows a disposition of 396 shares at $11.83 per share to cover tax obligations by delivering shares back to the issuer, leaving her with 82,947.6864 directly held shares. In addition, 25.029 shares are held indirectly in a trust under the company’s retirement plan.
The restricted stock units settle in common stock on a one-to-one basis and generally vest in one-third increments on each of the first, second and third anniversaries of the grant date, providing time-based, stock-settled compensation for the executive.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,152 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 396 | $11.83 | $5K |
| holding | Common Stock | -- | -- | -- |
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LEG EVP Lindsey Nicole Odaffer report on this Form 4?
What type of equity award did Lindsey Nicole Odaffer receive from Leggett & Platt (LEG)?
How are the restricted stock units in this LEG Form 4 expected to vest over time?
What portion of Lindsey Nicole Odaffer’s LEG holdings are indirect through a retirement plan trust?
AI-generated analysis. How Rhea-AI works. Not financial advice.