LEGGETT & PLATT INC·4

Mar 3, 3:21 PM ET

KLEIBOEKER RYAN MICHAEL 4

Research Summary

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Leggett & Platt (LEG) EVP Ryan Kleiboeker Withholds 2,076 Shares for Taxes

What Happened Ryan Michael Kleiboeker, Executive Vice President — Chief Strategic Planning Officer at Leggett & Platt (LEG), had 2,076 shares withheld on March 2, 2026 to satisfy a tax or exercise obligation. The shares were valued at $11.50 each, totaling $23,874. This was a withholding/payment (code F), not an open-market sale.

Key Details

  • Transaction date: 2026-03-02; price: $11.50 per share; total value: $23,874.
  • Transaction type: Code F — payment of exercise price or tax liability by delivering/withholding securities.
  • Shares owned after transaction: not stated in the provided filing excerpt.
  • Filing date: 2026-03-03 (filed the next day); no indication of a late filing in the provided data.
  • Footnote/implication: This is typically a routine withholding to cover taxes from equity compensation (e.g., option exercise or restricted stock vesting).

Context Withholding shares to pay taxes is common following option exercises or vesting and is generally administrative rather than a deliberate market sell signal. For retail investors, these transactions usually do not provide a clear view of insider sentiment about the company’s outlook.