Leggett & Platt (NYSE: LEG) CFO uses 4,415 shares to cover tax liability
Rhea-AI Filing Summary
Leggett & Platt Executive Vice President and CFO Benjamin Michael Burns had company shares withheld to cover taxes. On March 2, 2026, a tax-withholding disposition of 4,415 shares of common stock was reported at $11.50 per share, coded as a payment of tax liability by delivering securities.
After this transaction, Burns directly held 190,572.7468 shares of common stock. Additional indirect holdings are reported through the issuer’s retirement plan and through his spouse and her retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,415 shares
Net Sell
4 txns
Insider
BURNS BENJAMIN MICHAEL
Role
Executive Vice President - CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,415 | $11.50 | $51K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 190,572.7468 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)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LEG CFO Benjamin Michael Burns report on March 2, 2026?
Benjamin Michael Burns reported a tax-withholding disposition of 4,415 shares of Leggett & Platt common stock at $11.50 per share. This Form 4 entry reflects shares delivered to cover tax obligations rather than an open-market sale.
Was the LEG CFO’s March 2026 Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It was coded as an “F” transaction, meaning shares of Leggett & Platt common stock were delivered to satisfy tax liabilities associated with equity compensation rather than sold on the open market.
What does transaction code F mean in the LEG CFO’s Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. For Leggett & Platt’s CFO, it shows 4,415 shares of common stock were withheld or delivered to cover taxes tied to equity awards on March 2, 2026.
Does the LEG CFO have indirect holdings reported in this Form 4?
Yes, indirect holdings are reported. The Form 4 lists common stock held in trust under Leggett & Platt’s retirement plan for Burns, stock and retirement-plan shares held by his spouse, all classified as indirect ownership separate from his direct share position.