KLEIBOEKER RYAN MICHAEL 4
Research Summary
AI-generated summary
Leggett & Platt EVP Ryan Kleiboeker Receives RSU Award; Sells 872
What Happened
- Ryan Michael Kleiboeker, EVP — Chief Strategic Planning Officer at Leggett & Platt (LEG), was granted 20,075 restricted stock units (RSUs) on 2026-02-26 (acquired at $0.00 per share).
- To satisfy tax withholding on the grant, 872 shares were disposed on the same date at $11.83 per share, producing proceeds of $10,316 (reported as a payment of tax liability).
Key Details
- Transaction date: 2026-02-26; filing date: 2026-02-27 (filed promptly the next day).
- Grant: 20,075 RSUs (award, Code A) — acquisition reported at $0.00 (compensation award).
- Tax withholding: 872 shares disposed (Code F) at $11.83 each, total $10,316.
- Vesting: The RSUs are settled 1-for-1 in common stock and generally vest in three equal installments on the first, second and third anniversaries of the grant date (per footnote F1).
- Shares owned after the transaction: not disclosed in this Form 4 filing.
- Filing timeliness: Not late (transaction on 2/26/2026; Form 4 filed 2/27/2026).
Context
- This filing reflects a standard equity compensation grant (RSUs) and the routine withholding/disposition of a portion of the award to cover taxes. The award is an acquisition of compensation, while the disposition was solely for tax payment — not an open-market sale indicating a change in personal investing stance.