Vanguard Portfolio Management Stakes 9.15% in Leggett & Platt (LEG)

Rhea-AI Filing Summary

Leggett & Platt Inc reported beneficial ownership by Vanguard Portfolio Management of 12,443,792 shares, representing 9.15% of the common stock. The filing states Vanguard Portfolio Management has sole dispositive power over 12,443,792 shares and sole voting power over 236,339 shares. The disclosure explains holdings include securities held for Vanguard funds and managed accounts, per SEC Release No. 34-39538.

Insights

Institutional Ownership Analyst

Vanguard holds a large, sub-10% stake with dispositive control across pooled funds.

Vanguard Portfolio Management reports beneficial ownership of 12,443,792 shares (9.15%) with sole dispositive power, which is typical for an investment manager that controls fund sleeves and discretionary accounts.

Monitor future filings for any shift above 10% or Schedule 13D activity; timing of changes will appear in subsequent ownership amendments.

Corporate Governance Specialist

Voting and disposition split highlights passive institutional ownership versus limited voting authority.

The report shows 236,339 shares of sole voting power versus far larger dispositive power, indicating voting may be exercised by specific fund vehicles or delegated entities.

Watch proxy disclosures and shareholder votes where Vanguard's voting block could matter; filings will state any change to voting power or collaborative initiatives.

Key Figures

Beneficial ownership: 12,443,792 shares Percent of class: 9.15% Sole voting power: 236,339 shares +1 more

4 metrics

Beneficial ownership 12,443,792 shares reported on Schedule 13G

Percent of class 9.15% percent of common stock beneficially owned

Sole voting power 236,339 shares sole power to vote or to direct the vote

Sole dispositive power 12,443,792 shares sole power to dispose or to direct disposition

Key Terms

Schedule 13G, beneficially owned, dispositive power, SEC Release No. 34-39538

4 terms

Schedule 13G regulatory

"Vanguard Portfolio Management 2 | 4 | Citizenship or Place of Organization"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned regulatory

"Amount beneficially owned: 12443792"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole power to dispose or to direct the disposition of: 12443792"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

SEC Release No. 34-39538 regulatory

"In accordance with SEC Release No. 34-39538 (January 12, 1998)"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 02:19 PM Learn about SEC filing dates

FAQ

Who reported ownership of LEG common stock?

Vanguard Portfolio Management reported ownership of Leggett & Platt common stock. The filing lists 12,443,792 shares, equal to 9.15% of the class, filed on the Schedule 13G and signed April 29, 2026.

How many LEG shares does Vanguard have sole voting power over?

Vanguard has sole voting power over 236,339 shares. The Schedule 13G also reports sole dispositive power over 12,443,792 shares, indicating voting and disposition rights differ across holdings.

Does this Schedule 13G indicate control or activist intent?

The filing reports passive institutional ownership rather than active control. It is a Schedule 13G disclosure by an investment manager and does not state any activist intent or control actions.

What does the 9.15% figure represent for LEG?

The 9.15% figure is Vanguard Portfolio Management's beneficial ownership percentage of Leggett & Platt common stock, based on the number of shares reported in Item 4 of the Schedule 13G.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Leggett & Platt Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

524660107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 524660107

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 236,339.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 12,443,792.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,443,792.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.15 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Leggett & Platt Inc
(b)	Address of issuer's principal executive offices: No 1 Leggett Road, Carthage, MO, 64836
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 524660107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12443792
(b)	Percent of class: 9.15 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 236339
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 12443792
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026