HAGALE JAMES TYSON 4
Research Summary
AI-generated summary
Leggett & Platt (LEG) EVP James Hagale Receives RSU Award
What Happened
- James Tyson Hagale, EVP and President — Bedding Products at Leggett & Platt (LEG), was granted 42,253 restricted stock units (RSUs) on 2026-02-26 (reported 2026-02-27). The RSUs were recorded at $0.00 because they are compensation awards, not purchases.
- To satisfy tax withholding on the award, 2,036 shares were surrendered/disposed at $11.83 per share for proceeds of $24,086. This withholding is routine and reflects tax liability on the grant rather than an independent stock sale.
Key Details
- Transaction date: 2026-02-26; Form filed: 2026-02-27 (timely).
- Grant: 42,253 RSUs (acquired at $0.00). Withholding: 2,036 shares disposed at $11.83 each, total $24,086.
- Shares owned after transaction: not specified in this filing.
- Footnote: RSUs settle solely 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.
- Transaction codes: A = Award/Grant; F = Tax withholding (shares withheld to cover taxes).
Context
- This was a compensation award (RSUs), not an open-market purchase or a voluntary sale. The share disposition was a standard tax-withholding action common when RSUs are granted or vest, and does not necessarily indicate a change in the insider’s view of the company.