SMITH ROBERT S JR 4

What Happened

• Robert S. Smith Jr., EVP and President (Special & FF&T) of Leggett & Platt, was granted 37,604 restricted stock units (RSUs) on 2026-02-26 (transaction code A). To satisfy withholding for taxes, 1,714 shares were surrendered/disposed at $11.83 each, totaling $20,277 (transaction code F). Net new shares attributable to the grant after withholding: 35,890.
• This was an award (compensation), not an open-market purchase or a sale; tax-withholding dispositions are routine and do not necessarily indicate a change in sentiment.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely — within SEC two-business-day requirement).
• Grant: 37,604 RSUs reported at $0.00 (award). Withholding: 1,714 shares disposed at $11.83 each for $20,277.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs are settled 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).
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (here, tax withholding).

Context

• RSU grants are a form of compensation that typically vest over time; these units become company stock as they vest. The withheld shares used for tax withholding are a normal administrative step and differ from an intentional open-market sale.
• For retail investors, awards show how executives are being compensated and their future potential equity stake as vesting occurs; they are less immediately informative than outright purchases or sales.