ODAFFER LINDSEY NICOLE 4
Research Summary
AI-generated summary
Leggett & Platt (LEG) EVP Lindsey Odaffer Receives RSU Award
What Happened
- Lindsey Nicole Odaffer, EVP and Chief HR Officer of Leggett & Platt (LEG), was granted 19,152 restricted stock units (RSUs) on 2026-02-26 (reported 2026-02-27). The RSUs were recorded at $0 acquisition price. To satisfy tax withholding obligations, 396 shares were disposed/withheld at $11.83 per share for a cash equivalent of $4,685. The award (code A) is a compensation grant; the withholding (code F) is routine for tax payment.
Key Details
- Transaction dates: 2026-02-26 (grant and tax withholding); filing date: 2026-02-27 (timely).
- Grant: 19,152 RSUs @ $0.00 (award, code A).
- Tax withholding: 396 shares @ $11.83 → $4,685 withheld/treated as disposed (code F).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: These 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 (see footnote F1).
- Filing timeliness: Reported the next day; not marked late.
Context
- RSU grants are a form of compensation and do not represent an open-market purchase; they are common for executives and are not, by themselves, a direct bullish signal.
- The 396-share disposition is a tax withholding event (not a sale for cash profit); some portion of granted shares is often withheld to cover tax liabilities upon grant or vesting.