BURNS BENJAMIN MICHAEL 4

What Happened
Benjamin Michael Burns, Executive Vice President and CFO of Leggett & Platt (LEG), had 4,415 shares disposed on March 2, 2026 to satisfy a tax obligation. The withholding was recorded at $11.50 per share, for a total of $50,773. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: March 2, 2026 — 4,415 shares at $11.50 each (total $50,773).
• Shares owned after transaction: not disclosed in the provided filing.
• Transaction code: F — payment of exercise price or tax liability (commonly shares withheld to cover taxes on option exercises or RSU vesting).
• Filing timeliness: Report filed March 3, 2026 (one day after the transaction), which is timely under Form 4 rules.

Context
Withholding shares to cover taxes is a routine administrative action tied to option exercises or restricted stock vesting and is not the same as a voluntary sale in the open market. Such dispositions typically do not signal a change in the insider’s view of the company; purchases are generally more informative about insider conviction.