DAVIS JENNIFER JOY 4

What Happened

• Jennifer Joy Davis, EVP & General Counsel of Leggett & Platt (LEG), had 593 shares disposed on Jan 20, 2026 as a payment to satisfy an exercise price or tax liability (transaction code F). The shares were valued at $12.13 each for a total of $7,193.
• This was a tax-withholding/settlement transaction tied to an equity award or option exercise—not an open-market sale—so it is generally an administrative action rather than a directional bet on the stock.

Key Details

• Transaction date and price: 2026-01-20, 593 shares at $12.13/share (total $7,193).
• Shares owned after transaction: not specified in this filing.
• Transaction code/footnote: F = payment of exercise price or tax liability (withholding of shares to cover taxes).
• Filing timeliness: Report filed 2026-01-21 for a 2026-01-20 transaction (appears timely under Form 4 rules).
• Insider status: Executive officer (not a 10% owner).

Context

• Code F transactions are commonly used to satisfy tax withholding obligations after an option exercise or stock award; they do not necessarily indicate the insider is selling stock on the open market.
• For retail investors, purchases or open-market sales by insiders tend to be more informative about sentiment; tax-withholding disposals are routine administrative events.