---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-067612"
form_type: "8-K"
ticker: "LEG"
cik: "0000058492"
company_name: "LEGGETT & PLATT INC"
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T06:02:48.692448+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-23-067612
- form_type: 8-K
- ticker: LEG
- cik: 0000058492
- company_name: LEGGETT & PLATT INC
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58492/000119312523067612/0001193125-23-067612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58492/000119312523067612/d822385d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-067612
- JSON: https://secwatch.observer/filing/0001193125-23-067612.json
- Plain text: https://secwatch.observer/filing/0001193125-23-067612.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.