Leggett & Platt (NYSE: LEG) EVP reports stock grant and over 110K shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC executive Ryan Michael Kleiboeker, EVP–Chief Strategic Planning Officer, reported a compensation-related equity acquisition. He received a grant of 83.0616 shares of common stock at $9.299 per share, bringing his direct holdings to 110,961.2156 shares.
He also reports indirect holdings of 877.7250 shares held in a trust under the company’s retirement plan and 1,000 shares held in his spouse’s IRA. A footnote states that the retirement plan balance reflects the acquisition of 3.5907 shares under the issuer’s 401(k) plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
KLEIBOEKER RYAN MICHAEL
Role
EVP-Chief Strategic Plan. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 83.062 | $9.299 | $772.39 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 110,961.216 shares (Direct);
Common Stock — 1,000 shares (Indirect, By Spouse's IRA)
Footnotes (1)
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Key Figures
Shares granted: 83.0616 shares
Grant price: $9.299 per share
Direct holdings after grant: 110,961.2156 shares
+3 more
6 metrics
Shares granted
83.0616 shares
Grant, award, or other acquisition of common stock
Grant price
$9.299 per share
Price per share for the 83.0616-share award
Direct holdings after grant
110,961.2156 shares
Total direct LEG common stock held after the acquisition
Retirement plan holdings
877.7250 shares
Indirect ownership held in trust under issuer's retirement plan
Spouse IRA holdings
1,000.0000 shares
Indirect ownership held by spouse's IRA
401(k) plan acquisition
3.5907 shares
Shares acquired under the issuer's 401(k) Plan, exempt under Rule 16b-3(c)
Key Terms
Rule 16b-3(c), indirect ownership, 401(k) Plan, Held in Trust Under Issuer's Retirement Plan
4 terms
Rule 16b-3(c) regulatory
"acquisition of 3.5907 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
indirect ownership financial
"reported as indirect ownership through a trust and a spouse's IRA"
401(k) Plan financial
"acquisition of 3.5907 shares under the Issuer's 401(k) Plan in transactions exempt"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Held in Trust Under Issuer's Retirement Plan financial
"nature_of_ownership: Held in Trust Under Issuer's Retirement Plan"
FAQ
What did LEG (Leggett & Platt) executive Ryan Michael Kleiboeker report on this Form 4?
Ryan Michael Kleiboeker reported a grant of 83.0616 shares of LEG common stock at $9.299 per share. This compensation-related acquisition increased his direct ownership to 110,961.2156 shares of LEG common stock.
What is the significance of Rule 16b-3(c) in this LEG Form 4 filing?
A footnote explains that 3.5907 shares were acquired under the issuer’s 401(k) plan in transactions exempt under Rule 16b-3(c). This rule generally provides exemption for certain employee benefit and compensation-related insider transactions.