Leggett & Platt (NYSE: LEG) director reports new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT director Joseph W. McClanathan reported two stock awards of Common Stock on April 15, 2026. He received 212.2301 shares at $9.08 per share in one grant and 46.8373 shares at the same price in another, both categorized as grant or award acquisitions rather than open-market purchases. Following these awards, his direct ownership increased to 119,825.8831 shares of Common Stock, reflecting routine equity-based compensation rather than a discretionary market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MCCLANATHAN JOSEPH W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 212.23 | $9.08 | $2K |
| Grant/Award | Common Stock | 46.837 | $9.08 | $425.28 |
Holdings After Transaction:
Common Stock — 119,779.046 shares (Direct)
Footnotes (1)
Key Figures
First stock grant: 212.2301 shares
Second stock grant: 46.8373 shares
Award price per share: $9.08 per share
+1 more
4 metrics
First stock grant
212.2301 shares
Grant of LEG Common Stock on April 15, 2026
Second stock grant
46.8373 shares
Additional grant of LEG Common Stock on April 15, 2026
Award price per share
$9.08 per share
Transaction price for both equity awards
Shares owned after awards
119,825.8831 shares
Total direct LEG Common Stock holdings post-transaction
Key Terms
Common Stock, grant or award acquisition, non-derivative, Form 4
4 terms
Common Stock financial
"He received 212.2301 shares at $9.08 per share in one grant"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
grant or award acquisition financial
"both categorized as grant or award acquisitions rather than open-market purchases"
non-derivative financial
"These transactions were compensation-related grants, not open-market buys. They are coded as “A” for grant, award, or other acquisition and described as grant or award acquisitions"
Form 4 regulatory
"Director Joseph W. McClanathan reported receiving two small grants of LEG common stock as equity awards."
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 did LEG director Joseph McClanathan report in this Form 4 for LEG?
Director Joseph W. McClanathan reported receiving two small grants of LEG common stock as equity awards. These were classified as grant or award acquisitions, not open-market purchases, and modestly increased his direct ownership stake in the company’s shares.
At what price were the LEG stock awards to Joseph McClanathan valued?
Both stock awards were valued at $9.08 per LEG share. This price is shown as the transaction price per share for each grant, providing a reference valuation for the equity compensation he received on the reported transaction date.
Were these LEG transactions open-market buys or compensation grants?
These transactions were compensation-related grants, not open-market buys. They are coded as “A” for grant, award, or other acquisition and described as grant or award acquisitions, indicating routine equity compensation awarded to the director rather than discretionary stock purchases.