Leggett & Platt execs invest in company shares

Photo courtesy LinkedIn

Matthew Flanigan buys $533,616 worth of shares.

Eight Leggett & Platt Inc. (NYSE: LEG) executives last week boosted their stakes in the company through share purchases.

Together, the executives purchased more than 45,000 shares for $1.6 million on March 8, according to U.S. Securities and Exchange Commission filings.

Leading the transactions was Chief Financial Officer Matthew Flanigan, who purchased nearly 15,000 shares worth $533,616, according to a filing.

The other executives, ranked by the value of shares purchased, are:
• Mitchell Dolloff, chief operating officer, $395,038;
• Karl Glassman, president and CEO, $352,595;
• Scott Douglas, general counsel, $192,524;
• Russell Ioria, senior vice president of corporate development, $57,671;
• Perry Davis, executive vice president of residential and industrial products, $55,811;
• Tammy Trent, chief accounting officer, $50,674; and
• Susan McCoy, senior vice president of investor relations, $10,990.

Leggett & Platt, a Carthage-based manufacturer of engineered components and products for homes, offices and vehicles, in February reported 2018 profits of $305.9 million, a 4.5 percent increase from $292.6 million in 2017.

LEG shares were trading at $44.01 as of 10:48 a.m., compared with a 52-week range of $33.48 to $47.44.