DAVIS JENNIFER JOY 4
4 · LEGGETT & PLATT INC · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Leggett & Platt (LEG) EVP Jennifer Joy Davis Receives RSU Award
What Happened
Jennifer Joy Davis, EVP and General Counsel of Leggett & Platt (LEG), received a grant of 30,809 restricted stock units (RSUs) on 2026-02-26 (awarded at $0.00). On the same date, 1,533 shares were surrendered/withheld at an implied value of $11.83 per share to satisfy tax withholding obligations (total value withheld ≈ $18,135). The grant is a compensation award rather than a market purchase.
Key Details
- Transaction date: 2026-02-26 (report filed 2026-02-27).
- Grant: 30,809 RSUs, acquisition code A, price $0.00.
- Tax withholding: 1,533 shares disposed, code F, at $11.83/share (≈ $18,135).
- Shares owned after transaction: not specified in this filing.
- Footnote: RSUs settle 1-for-1 in common stock and generally vest in one-third increments on the first, second and third anniversaries of the grant date (per F1).
- Filing timeliness: filed the day after the transaction (no late filing indicated).
Context
RSUs are a form of compensation that convert into company shares when they vest; this award increases potential future holdings but is not a market purchase. The withholding of 1,533 shares is routine tax-related share surrender and reduces the net number of shares the executive will receive once the RSUs vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26+30,809→ 117,578.757 total - Tax Payment
Common Stock
2026-02-26$11.83/sh−1,533$18,135→ 116,045.757 total
Footnotes (1)
- [F1]Represents restricted stock units (settled solely 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.