Leggett & Platt (LEG) EVP gets 30,809 RSUs, withholds 1,533 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leggett & Platt EVP and General Counsel Jennifer Joy Davis reported equity compensation and related tax withholding in company stock. She acquired 30,809 shares as a grant described as restricted stock units that settle one-for-one in common stock. On the same date, 1,533 shares were disposed of to cover tax obligations at a price of $11.83 per share. After these transactions, her directly held common stock position was 116,045.7566 shares. The restricted stock units generally vest in three equal annual installments on the first, second, and third anniversaries of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DAVIS JENNIFER JOY
Role
EVP - GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,809 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,533 | $11.83 | $18K |
Holdings After Transaction:
Common Stock — 117,578.757 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transactions did LEG executive Jennifer Joy Davis report on this Form 4?
Jennifer Joy Davis reported receiving 30,809 shares as an equity grant and a related disposition of 1,533 shares to satisfy tax obligations at $11.83 per share. Both transactions involved Leggett & Platt common stock and occurred on the same transaction date.
What is the vesting schedule for the restricted stock units reported by LEG’s EVP?
The restricted stock units generally vest in one-third increments on the first, second, and third anniversaries of the grant date. Each vested unit is settled solely in Leggett & Platt common stock on a one-to-one basis upon vesting, subject to continued eligibility conditions.
What do the restricted stock units reported by LEG’s EVP represent?
They represent restricted stock units that are settled solely in Leggett & Platt common stock on a one-to-one basis. The units are subject to time-based vesting, generally over three years, and convert into common shares as each annual vesting installment is satisfied.