Leggett & Platt (LEG) Director Maryelizabeth R. Campbell Sells Shares

What Happened Maryelizabeth R. Campbell, a director of Leggett & Platt, reported dispositions on 2026-08-26. The filing shows a disposition-to-issuer of 64,135.752 shares (value listed as N/A) and a separate disposition of 4,274 shares reported as a derivative transaction at $10.24 per share, totaling $43,766. Both transactions are coded as dispositions (D), meaning the shares were surrendered to the issuer rather than sold on the open market.

Key Details

• Transaction date: 2026-08-26; Form filed 2026-08-27 (timely).
• Dispositions reported:
  • 64,135.752 shares — disposition to issuer; no per-share price or total reported (N/A).
  • 4,274 shares — derivative disposition at $10.24 each; proceeds $43,766.
• Shares owned after transaction: not reported in the provided excerpt.
• Notable footnotes:
  • F1: Leggett merged into Somnigroup; Leggett common shares and RSUs were converted into the right to receive 0.1455 shares of Somnigroup common stock or Somnigroup RSUs (to be settled in cash) at the merger’s effective time — this explains the large disposition reported as N/A.
  • F2: Outstanding Leggett options were assumed by Somnigroup and converted into options for Somnigroup with an adjusted exercise price (formula provided).
• Transaction type: disposition to issuer (often non‑market events such as merger consideration or tax withholding), not an open‑market sale.

Context These dispositions appear tied to the Merger Agreement converting Leggett equity into Somnigroup securities (and related tax/settlement mechanics), rather than a routine market sale that signals personal trading intent. Derivative/issuer dispositions are commonly used to settle merger consideration or satisfy tax withholding; F2 notes option conversions under the merger. No late filing is indicated.