BURNS BENJAMIN MICHAEL 4
Research Summary
AI-generated summary
Leggett & Platt CFO Benjamin Burns Receives Stock Award
What Happened
- Benjamin Michael Burns, Executive Vice President and CFO of Leggett & Platt (LEG), received two stock awards on April 15, 2026 (transaction code A = award/grant). The awards totaled 213.407 shares: 169.155 shares at an implied price/value of $9.65 (about $1,632) and 44.252 shares at $9.08 (about $402), for a combined value of approximately $2,034. This was an award/grant (acquisition), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-15; Filing date: 2026-04-16 (timely — filed the next day).
- Award line items: 169.155 shares @ $9.65 (≈ $1,632) and 44.252 shares @ $9.08 (≈ $402).
- Total awarded: 213.407 shares, total value ≈ $2,034.
- Transaction code: A (grant/award/acquisition). No 10b5-1 plan, tax withholding, or other footnotes were indicated in the provided data.
- Shares owned following the transaction were not specified in the provided filing details.
Context
- Stock awards are typically part of compensation (time- or performance-based) and increase an insider’s ownership but do not necessarily reflect a personal market view. They differ from purchases in that they’re granted by the company as pay or incentive rather than bought on the open market.
- For retail investors: awards are informative about executive compensation and ownership trends, but they should be considered alongside other filings and company fundamentals.