LEGGETT & PLATT INC·4

Jul 13, 3:02 PM ET

ODAFFER LINDSEY NICOLE 4

Research Summary

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Updated

Leggett & Platt (LEG) EVP Lindsey Odaffer Receives Stock Award

What Happened
Lindsey Nicole Odaffer, EVP and Chief Human Resources Officer at Leggett & Platt (LEG), received a grant/award of 78.926 shares on July 10, 2026. The shares were recorded at $9.30 each for a reported value of $734. This transaction is recorded as an award/grant (code A), i.e., compensation-related stock rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-07-10; Form 4 filed: 2026-07-13 (filed within the standard 2-business-day window).
  • Transaction type: Award/Grant (code A).
  • Shares acquired: 78.926 at $9.30 per share — reported total value $734.
  • Shares owned after transaction: Not explicitly stated in this filing.
  • Notable footnotes:
    • F1: Balance updated to reflect acquisition of 311.548 shares under the issuer’s Discount Stock Plan (statement dated 6/30/2026).
    • F2: Balance updated to reflect acquisition of 0.1095 shares under the issuer’s 401(k) Plan (statement dated 6/30/2026).
    • Both F1 and F2 note these plan transactions are exempt under Rule 16b-3(c).
  • No indication this was a sale or a cashless exercise; this appears to be a routine compensation award.

Context
This is a compensation-related stock award, which is common for executives and typically reflects plan-based grants rather than a direct market signal. Such awards differ from open-market purchases by insiders (which some investors view as stronger bullish signals). The filing appears timely and contains footnotes clarifying recent plan-related balance updates.