LEGGETT & PLATT (LEG) CFO Benjamin Burns Receives 137.5-Share Award
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LEGGETT & PLATT (LEG) CFO Benjamin Burns Receives 137.5-Share Award
What Happened
Benjamin Michael Burns, Executive Vice President and Chief Financial Officer of Leggett & Platt, received 137.497 shares as an award (transaction code A) on August 7, 2026. The reported per-share value is $8.18, for a total reported value of about $1,124. This was an acquisition via grant/award—part of executive compensation—not an open-market purchase.
Key Details
- Transaction date: 2026-08-07; Form 4 filed: 2026-08-10 (timely filing).
- Transaction type: Award/Grant (code A).
- Shares acquired: 137.497 at $8.18 each; total value ≈ $1,124.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Notable footnotes/plans: None reported in the provided data (no 10b5-1, tax-withholding, or sale-transaction notes shown).
- Filing timeliness: Filed within the SEC’s two-business-day window (not marked late).
Context
An "A" code award typically reflects compensation (restricted stock, performance shares, or similar) rather than a market-driven purchase; such grants compensate or retain executives and do not by themselves signal a buy/sell decision. For retail investors, awards can modestly dilute shares over time but primarily reflect compensation practices rather than immediate insider sentiment.