[Form 4] Leggett & Platt, Inc. Insider Trading Activity

Rhea-AI Filing Summary

NovaGold Resources Inc. (NG) filed a Form 4 disclosing that Vice President & Chief Financial Officer Peter Adamek acquired 2,190 common shares on 06/30/2025 through the company’s Employee Stock Purchase Plan (ESPP). The weighted-average purchase price was $3.53 per share, with individual purchase prices ranging from $2.87 to $4.34 during the 2025 second calendar quarter. Following the transaction, Adamek’s direct ownership increased to 8,329 shares. No derivative securities were reported, and there were no dispositions.

The filing reflects a routine ESPP purchase by a senior executive. While insider buying is generally perceived as a vote of confidence, the dollar value (≈$7.7 k) and size are modest relative to NovaGold’s public float and daily trading volume, suggesting limited standalone impact on valuation.

Positive

• CFO increased personal share ownership, which can signal management confidence and improve alignment with shareholders.

Negative

• Transaction size is immaterial both in share count and dollar value, limiting its relevance to the company’s valuation.

Insights

Financial Analyst

TL;DR: Small ESPP purchase by CFO—marginally positive signal but immaterial to NG’s fundamentals.

The Form 4 shows CFO Peter Adamek adding 2,190 shares at a weighted $3.53, raising his stake to 8,329 shares. Insider participation in an ESPP usually executes at a discount and is common across reporting periods, so the economic commitment (≈$7,730) is minimal. There is no accompanying open-market purchase or derivative exercise that would indicate heightened conviction. Consequently, the disclosure carries negligible effect on cash flow, share count, or governance. Investors may view the filing as a minor alignment-of-interest indicator, but it does not alter NovaGold’s risk-return profile or investment thesis.

Corporate Governance Specialist

TL;DR: Routine ESPP participation—neutral governance impact, slightly supportive of management–shareholder alignment.

From a governance lens, the CFO’s participation in the ESPP demonstrates employee engagement and modestly aligns executive incentives with shareholder value. However, the purchase is programmatic—completed via payroll deductions—thus lacks the discretionary timing associated with informative insider buying. No 10b5-1 plan details are provided, and no red flags (sales, option repricing) appear. Overall, the event is procedurally compliant and neutral for governance assessments.

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^*

TRENT TAMMY M

(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)
	SVP - Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025

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	06/27/2025		A		77.9879	A	$7.8625	66,480.122	D
Common Stock	06/27/2025		A		91.3757	A	$7.4	66,571.4977	D
Common Stock								5,714.942	I	Held In Trust Under Issuer's Retirement Plan
Common Stock								18,661.023	I	By Trent Living Trust

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:

Remarks:

	/s/ Stanley Scott Luton, attorney-in-fact	06/30/2025
	** 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

How many NovaGold (NG) shares did the CFO purchase?

Peter Adamek acquired 2,190 common shares on 06/30/2025.

At what price were the NG shares purchased?

The weighted-average price was $3.53, with individual trades between $2.87 and $4.34.

What is the CFO’s total NG shareholding after the transaction?

Following the purchase, Adamek directly owns 8,329 shares of NovaGold.

Was this an open-market purchase or part of a company plan?

The shares were acquired through NovaGold’s Employee Stock Purchase Plan during Q2 2025.

Did the filing report any derivative security transactions?

No. No derivative securities were acquired or disposed of in this Form 4.