Leggett & Platt (LEG) Director Angela Barbee Surrenders 51,033 Shares in Merger

What Happened
Angela Barbee, a director of Leggett & Platt, reported a disposition to the issuer (transaction code D) of 51,033.372 shares on 2026-08-26. The Form 4 lists the shares as "disposed" with no per-share price or cash value reported. Per the filing footnote, this disposition reflects the merger of Leggett into Somnigroup: each Leggett share (and outstanding restricted stock unit awards) was converted into the right to receive 0.1455 shares of Somnigroup common stock or Somnigroup restricted stock units (to be settled in cash), as provided in the Merger Agreement.

Key Details

• Transaction date: 2026-08-26; filing date: 2026-08-27 (filed promptly).
• Transaction type/code: Disposition to issuer (D).
• Shares disposed: 51,033.372 shares. Reported price/value: N/A (not provided on the Form 4).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Merger Agreement (April 13, 2026) — Leggett shares/RSUs converted at 0.1455 Somnigroup shares per Leggett share or RSUs to be settled in cash.

Context
This was a corporate-level disposition tied to an acquisition (Leggett merged into Somnigroup), not an open-market sale by the insider. In M&A transactions, insiders' holdings are commonly converted into acquirer stock or cash under the merger terms; such filings reflect the mechanics of the deal rather than an independent trading decision.