Leggett & Platt (NYSE: LEG) EVP uses 255 shares to cover taxes on stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leggett & Platt executive vice president and general counsel Jennifer Joy Davis reported a small share disposition tied to taxes on company stock. She delivered 255 shares of common stock at an indicated value of $10.51 per share to cover tax obligations rather than selling them on the open market. After this tax-withholding transaction, she continues to hold about 118,032.8938 shares directly, so the change represents only a minor adjustment to her overall ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAVIS JENNIFER JOY
Role
EVP - GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 255 | $10.51 | $3K |
Holdings After Transaction:
Common Stock — 118,032.894 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did LEG EVP Jennifer Joy Davis report on this Form 4?
Jennifer Joy Davis reported a small tax-related share disposition. She delivered 255 Leggett & Platt common shares to satisfy tax obligations, rather than executing an open-market trade, while retaining a much larger direct ownership position afterward.
What does transaction code F mean on this LEG Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering shares. For Leggett & Platt, it means the insider used 255 common shares to cover tax obligations related to equity compensation, rather than selling shares in the market.
Does this LEG insider filing suggest a change in ownership strategy by the executive?
The filing reflects a routine tax-withholding action, not a strategic sale. Only 255 shares were delivered for taxes while more than 118,000 shares remain directly held, indicating a minor, administrative adjustment to her overall ownership position.