Leggett & Platt Amends Flexible Stock Plan

Leggett & Platt ( (LEG) ) has provided an update.

Leggett & Platt has amended and restated its Flexible Stock Plan, which was approved by shareholders during the Annual Meeting on May 7, 2025. The plan aims to attract and retain key personnel by offering stock-based benefits and aligns participants’ interests with those of shareholders. Key amendments include increasing available shares by 5 million, extending the plan’s term to 2035, and introducing provisions for dividend credits and clawback rights. Additionally, the meeting saw the election of eight directors, ratification of PricewaterhouseCoopers LLP as the independent auditor, and approval of executive compensation.

Spark’s Take on LEG Stock

According to Spark, TipRanks’ AI Analyst, LEG is a Neutral.

Leggett & Platt faces significant financial challenges with declining revenues and negative profitability metrics, creating potential financial risk. Positive restructuring efforts and asset sales provide some optimism, although ongoing demand challenges and high leverage remain concerns. Technical indicators suggest short-term bullish momentum, but valuation metrics highlight financial pressures.

To see Spark’s full report on LEG stock, click here.

More about Leggett & Platt

Average Trading Volume: 3,125,103

Technical Sentiment Signal: Strong Sell

Current Market Cap: $1.23B

For detailed information about LEG stock, go to TipRanks’ Stock Analysis page.