Leggett & Platt sets 2023 KOIP targets; PSUs now based on EBITDA/ROIC with TSR multiplier

LEGGETT & PLATT INC

Corporate NEOs: EBITDA target $591M, Cash Flow $494M; no payout below $443.25M EBITDA/$370.50M Cash Flow.
Profit center targets: Bedding EBITDA $286.4M/FCF $282.8M; Specialized & FF&T EBITDA $339.1M/FCF $263.0M.
PSU metrics changed to EBITDA (50%) and ROIC (50%) over 3 years, with Relative TSR multiplier (0.75-1.25).
Glassman (Exec Chairman) received no PSUs; RSUs prorated for May 2023 retirement.
PSU base awards: Dolloff 44,976; Tate 13,684; Hagale 9,778; Henderson 9,778; Douglas 7,669 (target).

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