leadership
confidence high
sentiment neutral
materiality 0.55
Leggett & Platt awards $2.4M retention bonuses to CFO, three EVPs; CEO excluded
LEGGETT & PLATT INC
- Retention bonuses approved for CFO Benjamin M. Burns ($618k), EVPs J. Tyson Hagale ($618k) and R. Samuel Smith Jr. ($540,750), and GC Jennifer J. Davis ($630,875).
- Payments made Dec 29, 2025, subject to clawback if executive leaves before Dec 23, 2026 (100% clawback before May 29, 2026; 50% thereafter).
- Clawback provisions terminate upon a Change in Control; agreements include non-compete and confidentiality covenants.
- CEO Karl G. Glassman did not receive a retention agreement.