Leggett & Platt Director Srikanth Padmanabhan Disposes 69,845 Shares

What Happened
Srikanth Padmanabhan, a director of Leggett & Platt, reported a disposition to the issuer of 69,845.118 shares on August 26, 2026. The filing lists the transaction type as a disposition (code D) with price and total value shown as N/A — these shares were surrendered in connection with the company’s merger rather than an open-market sale. The Form 4 was filed on August 27, 2026.

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-08-27.
• Transaction type: Disposition to issuer (D). Price and total value: N/A in the filing.
• Shares disposed: 69,845.118.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Under the Merger Agreement, each Leggett share and outstanding restricted stock unit was converted into the right to receive 0.1455 shares of Somnigroup common stock (or Somnigroup RSUs to be settled in cash), as applicable. This disposition reflects that conversion/surrender process.
• No indication in the filing of a 10b5-1 plan, tax-withholding surrender code, or a late filing flag.

Context
A "disposition to issuer" in this context typically reflects surrendering company shares as part of a merger or conversion process, not a routine market sale. Because the shares were converted under the merger terms (per the footnote), this action should be viewed as a transaction driven by corporate restructuring rather than an insider expressing a buy/sell opinion.