Leggett & Platt Director Phoebe A. Wood Cancels 95,143 Shares

What Happened
Phoebe A. Wood, a director of Leggett & Platt, Inc. (LEG), reported dispositions to the issuer on Aug 26, 2026 totaling 95,143.015 Leggett shares (94,343.015 + 400 + 400). No sale price is reported because these shares were cancelled/converted under the Merger Agreement with Somnigroup (not an open-market sale). Under the merger terms, each Leggett share was converted into the right to receive 0.1455 shares of Somnigroup common stock (or Somnigroup RSUs to be settled in cash), which equals roughly 13,843 Somnigroup shares (or cash/RSU equivalents) for this block.

Key Details

• Transaction date: 2026-08-26; Form filed: 2026-08-27 (appears timely).
• Reported dispositions: 94,343.015 shares, 400 shares, and 400 shares (total 95,143.015). Price: N/A (converted/cancelled in merger).
• Conversion ratio: 0.1455 Somnigroup shares (or RSUs) per Leggett share — ~13,843 Somnigroup-share equivalents.
• Shares owned after transaction: not specified on this filing.
• Footnotes: F1/F2 explain the Merger Agreement (Leggett merged into a Somnigroup subsidiary) and that Leggett shares/RSUs were cancelled and converted per the merger terms.

Context
This was a corporate-action disposition tied to the Merger, not a market sale; such conversions/cancellations reflect deal consideration rather than insider-driven selling. For retail investors, note that these transactions indicate completion of merger mechanics (conversion of old equity to new-company equity or cash) and do not necessarily signal the insider’s short-term view on the combined company.