LEG (Leggett & Platt) EVP James Hagale Surrenders Shares, Receives RSU Awards

What Happened

• James Hagale, EVP and President — Bedding Products at Leggett & Platt, reported transactions tied to the company’s merger with Somnigroup. On 2026-08-26 he had 367,879.329 Leggett shares disposed to the issuer (surrendered) and was recorded as acquiring 172,086 shares (deemed acquisition at $0.00) and a related grant and disposition of 172,082 derivative units. The reported monetary amounts for the dispositions are listed as N/A because these entries reflect conversion/settlement actions under the merger rather than open-market trades.

Key Details

• Transaction date: 2026-08-26; Form filed 2026-08-27 (timely).
• Disposition: 367,879.329 Leggett shares surrendered to the issuer (price reported as N/A).
• Acquisition (deemed): 172,086 shares @ $0.00 (represents Leggett shares underlying assumed PSU awards converted in the merger).
• Derivative activity: 172,082 derivative units were granted (assumed PSU → Somnigroup RSUs) and the same number recorded as disposed to the issuer (N/A).
• Shares owned after transaction: not specified in the filing.
• Filing status: timely (no late filing flagged).

Context

• These entries are merger-related, not typical open-market buys or sales. Under the Merger Agreement, outstanding Leggett performance stock units (PSUs) were assumed by Somnigroup and converted into Somnigroup restricted stock units (RSUs) or cash‑settled RSUs. Performance vesting for assumed PSUs was deemed achieved at 200% of target. Some converted RSUs will vest on Dec 31, 2026, 2027 and 2028 with cash payments (where applicable) payable by March 15 following vesting. The disposition to the issuer reflects surrender/conversion of Leggett shares as part of that merger mechanics.