Leggett & Platt (LEG) EVP gets stock award and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leggett & Platt executive Ryan Michael Kleiboeker reported equity compensation activity in company common stock. He received a grant of 20,075 restricted stock units, which are settled one-for-one in common shares and generally vest in one-third increments on the first, second and third anniversaries of the grant date. To cover tax obligations, 872 shares were disposed of at $11.83 per share. After these transactions, he holds 107,810.8241 shares directly, plus 1,000 shares indirectly through his spouse’s IRA and 870.906 shares held in a trust under the issuer’s retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
KLEIBOEKER RYAN MICHAEL
Role
EVP-Chief Strategic Plan. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,075 | $0.00 | -- |
| Tax Withholding | Common Stock | 872 | $11.83 | $10K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 108,682.824 shares (Direct);
Common Stock — 1,000 shares (Indirect, By Spouse's IRA)
Footnotes (1)
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FAQ
What insider transactions did LEG executive Ryan Kleiboeker report?
Ryan Kleiboeker reported an equity grant and a tax-related share disposition in LEG common stock. He received 20,075 restricted stock units and had 872 shares withheld at $11.83 per share to satisfy tax obligations tied to the award.
How do the new restricted stock units in LEG vest for Ryan Kleiboeker?
The 20,075 LEG restricted stock units generally vest in three equal tranches. One-third of the units vest on each of the first, second and third anniversaries of the grant date, after which they are settled solely in common stock on a one-to-one basis.