Leggett & Platt (LEG) CFO Benjamin Burns Receives 118.523-Share Award
$LEG · LEGGETT & PLATT INCResearch Summary
AI-generated summary of this SEC filing
Leggett & Platt (LEG) CFO Benjamin Burns Receives 118.523-Share Award
What Happened
Benjamin Michael Burns, Executive Vice President and Chief Financial Officer of Leggett & Platt, received an award of 118.523 shares (transaction code A) on July 24, 2026. The reported acquisition price was $9.49 per share, for a total value of roughly $1,124. This was a non-market award/grant (compensatory), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-24; Filing date: 2026-07-27 (filed within the typical 2-business-day Form 4 window).
- Shares acquired: 118.523 at $9.49 per share; total value ≈ $1,124.
- Transaction type/code: A — award/grant (compensatory).
- Shares owned after transaction: not specified in the provided filing summary.
- Fractional share reported (118.523) — common with awards/RSU calculations; no specific footnotes or 10b5-1/tax-withholding details provided in the summary.
Context
Awards and grants are typically part of executive compensation (e.g., restricted stock or RSUs) and reflect pay, not necessarily a personal bet on the stock. Purchases (insider buys) are generally viewed as a stronger signal of insider confidence; awards primarily indicate compensation delivery. The filing does not show any immediate sale or cashless exercise related to this grant.