Welcome to our dedicated page for LEGGETT & PLATT SEC filings (Ticker: LEG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Leggett & Platt, Inc. filings document the regulatory record of a Missouri-incorporated manufacturer with common stock listed on the New York Stock Exchange under the symbol LEG. Its disclosures cover operating results for its engineered-products businesses, segment performance, annual guidance, market conditions, company initiatives, and non-GAAP measures such as adjusted EPS, adjusted EBIT, EBITDA and net debt to adjusted EBITDA.
The filing record also includes Form 8-K material-event reports, material definitive agreements, capital-structure disclosures, and executive compensation actions. Proxy materials address board and shareholder voting matters, named executive officer compensation, equity awards, governance practices and related annual meeting disclosures.
Leggett & Platt senior vice president and chief accounting officer Tammy M. Trent received a grant of 9,928 restricted stock units settled in common stock, which generally vest in one-third increments on the first, second, and third anniversaries of the grant date. To cover tax obligations, 577 shares of common stock were disposed of at $11.83 per share through tax withholding. After these transactions on February 26, 2026, she held 79,652.8805 shares of common stock directly, plus 5,815.766 shares held in trust under the issuer's retirement plan and 18,742.8687 shares held by the Trent Living Trust as indirect ownership.
Leggett & Platt executive Robert S. Smith Jr. received a grant of 37,604 restricted stock units, settled in common stock on a one-to-one basis, which generally vest in one-third increments on the first, second and third anniversaries of the grant date. On the same day, 1,714 shares of common stock were disposed of at $11.83 per share to cover tax liabilities, leaving him with 144,008.3062 shares of common stock held directly after these transactions.
Leggett & Platt executive Lindsey Nicole Odaffer reported equity compensation activity involving company common stock. She acquired 19,152 restricted stock units for no cash consideration through a grant or award, increasing her directly held shares to 83,343.6864 immediately after the award.
The filing also shows a disposition of 396 shares at $11.83 per share to cover tax obligations by delivering shares back to the issuer, leaving her with 82,947.6864 directly held shares. In addition, 25.029 shares are held indirectly in a trust under the company’s retirement plan.
The restricted stock units settle in common stock on a one-to-one basis and generally vest in one-third increments on each of the first, second and third anniversaries of the grant date, providing time-based, stock-settled compensation for the executive.
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.
LEGGETT & PLATT INC executive grants and tax withholding reported
Executive Vice President James Tyson Hagale received a grant of 42,253 shares of common stock on February 26, 2026, recorded as restricted stock units that settle one-for-one in common stock and generally vest in one-third increments on the first, second and third anniversaries of the grant date.
On the same date, 2,036 shares of common stock were disposed of at $11.83 per share to cover tax obligations, leaving Hagale with 188,010.8999 shares of common stock held directly after these transactions.
GLASSMAN KARL G reported acquisition or exercise transactions in this Form 4 filing.
LEGGETT & PLATT INC President and CEO Karl G. Glassman reported an equity award of 256,235 shares of common stock on a grant or award basis at a stated price of $0.0000 per share. A footnote explains these are restricted stock units that settle in common stock on a one-to-one basis and generally vest in one-third increments on the first, second and third anniversaries of the grant date.
After this award, Glassman directly held 1,177,313.6943 common shares. Indirectly, 514,335 shares were held by the Glassman Living Trust and 28,788.3710 shares were held in a trust under the issuer's retirement plan.
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.
Leggett & Platt Executive Vice President and CFO Benjamin Michael Burns received an equity award of 42,253 restricted stock units, which, according to the footnote, generally vest in one-third increments on the first, second and third anniversaries of the grant date and are settled in common stock on a one-to-one basis. To cover taxes, 1,931 shares of common stock were disposed of at $11.83 per share through share withholding, rather than an open-market sale. After these transactions, he directly holds about 187,744.7633 common shares, with additional small indirect holdings through the company retirement plan and his spouse.
Leggett & Platt filed its annual report for the year ended December 31, 2025, detailing a diversified manufacturing business across bedding, specialized automotive systems, and furniture, flooring and textile products. Bedding products generated 38% of 2025 trade sales, with automotive and flooring/textile each around one-fifth.
The company completed a major portfolio move by divesting its Aerospace Products Group in August 2025 for a net cash price of $280 million, recognizing a pretax gain of $91 million, and using proceeds primarily to reduce debt. A broader 2024 restructuring plan is substantially complete, having consolidated 21 facilities and delivered an annualized EBIT benefit of $63 million in 2025, with a further $5 million expected in 2026, and targeted $70–$80 million pretax real estate cash proceeds, of which $48 million is already realized.
The Board rejected an unsolicited all-stock acquisition proposal from Somnigroup International as undervaluing the company, but entered a non-disclosure agreement and six‑month standstill to allow due diligence and explore alternatives, with no assurance of any transaction. Management highlights extensive risks, including supply chain disruptions, climate and geopolitical pressures, semiconductor shortages, tariff and trade actions, credit rating–linked financing costs, potential future goodwill and asset impairments, cybersecurity and AI-related exposures, and evolving privacy and climate regulation.
Leggett & Platt detailed 2026 compensation decisions for its top executives. Base salaries rise modestly, with CEO Karl Glassman’s annual salary increasing from $1,275,000 to $1,315,000 and other named officers receiving smaller raises.
The 2026 Key Officers Incentive Plan keeps EBITDA as the main performance metric (65% weight) and uses Cash Flow or Free Cash Flow (35% weight), with no bonuses paid if EBITDA is below $300 million or Cash Flow below $185.04 million. Maximum payouts for these measures are capped at 200%.
Long-term incentives remain heavily performance-based, with award multiples largely unchanged and 2026 equity split 60% performance stock units and 40% restricted stock units. PSU payouts depend on three-year EBITDA and Return on Invested Capital, adjusted by relative total shareholder return, with total payouts capped at 200%.