secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2025-12-29T23:59:59+00:00
Accession:  0001193125-25-335373
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt awards $2.4M retention bonuses to CFO, three EVPs; CEO excluded
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312525335373/0001193125-25-335373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312525335373/d86621d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-335373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer