SMITH ROBERT S JR 4
Research Summary
AI-generated summary
Leggett & Platt EVP Robert S. Smith Jr Sells 394 Shares for Taxes
What Happened
Robert S. Smith Jr., EVP and President — Specialty and FF&T at Leggett & Platt (LEG), had 394 shares disposed on January 20, 2026 to satisfy a tax liability. The shares were recorded at $12.13 each, totaling approximately $4,779. This transaction appears to be a tax-withholding disposition rather than an open-market sale.
Key Details
- Transaction date and price: 2026-01-20, 394 shares @ $12.13 each (total ≈ $4,779).
- Transaction code: F (payment of exercise price or tax liability; shares disposed to satisfy taxes).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Filing date: 2026-01-21 — filed promptly (within required Form 4 reporting window).
- Notable: This was a withholding/disposition to cover taxes, not necessarily a voluntary market sale.
Context
A code F disposition typically means shares were withheld or sold to cover taxes arising from a prior equity award or option exercise. Such tax-withholding transactions are routine and do not necessarily indicate insider sentiment about the company’s stock.