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    J. Mitchell Dolloff

    President and Chief Executive Officer at Leggett & Platt Inc
    Board
    Since January 1, 2022
    Age
    58 years
    Education
    Holds a degree in economics from Westminster College and both a law degree and an MBA from Vanderbilt University.
    Tenure
    Joined LEG in 2000 and has served in various leadership roles—including Vice President, President, Chief Operating Officer, and currently as President and Chief Executive Officer since January 1, 2022.

    Also at Leggett & Platt Inc

    KGG
    Karl G. Glassman
    Board Chairman
    BMB
    Benjamin M. Burns
    Executive Vice President and Chief Financial Officer
    CP
    Christina Ptasinski
    Executive Vice President\u2014Chief Human Resources Officer

    About

    The executive holds a degree in economics from Westminster College and both a law degree and an MBA from Vanderbilt University, reflecting a strong academic foundation.

    He joined LEG in 2000 and has built an extensive career within the company through roles such as Vice President, President in several segments including Automotive Asia and Specialized Products, Chief Operating Officer, and currently as President and Chief Executive Officer starting on January 1, 2022.

    Throughout his tenure, he has demonstrated exceptional leadership and strategic planning abilities that have contributed to the company’s global operations and fostered robust relationships with key stakeholders.

    His career progression showcases a commitment to continuous improvement and operational excellence, marking him as a pivotal figure in the company’s longstanding success.

    $LEG Performance Under J. Mitchell Dolloff

    Past Roles

    OrganizationRoleDate RangeDetails
    Leggett & PlattChief Operating Officer2019–2021
    Leggett & PlattPresident—Bedding Products2020–2021
    Leggett & PlattPresident—Specialized Products & Furniture Products2017–2019
    Leggett & PlattSenior Vice President and President of Specialized Products2016–2017
    Leggett & PlattVice President and President of the Automotive Group2014–2015
    Leggett & PlattPresident of Automotive Asia2011–2013
    Leggett & PlattVice President of Specialized Products2009–2013
    Leggett & PlattVarious other capacitiesSince 2000

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,120,000AnnualFixed base salary for 2023
    Executive Contributions to ESU Program $240,215As determined by program periodicityContribution by executive to ESU Program
    Company Contributions to ESU Program $271,425As determined by program periodicityCompany matching contribution for ESU Program
    Executive Contributions to DSU Program $936,880As determined by program periodicityExecutive contribution to Deferred Stock Unit Program
    Company Contributions to DSU Program $234,220As determined by program periodicityCompany contribution (reflecting a 20% discount benefit) in DSU Program

    Performance Compensation

    Data from  FY 2023

    Annual Incentive (KOIP)

    MetricWeightThresholdTargetMaximum (Cap)2023 Actual ResultsPayout %Payout Amount
    EBITDA65%<$443.25M: 0%$591.00M: 100%$738.75M: 200%$506.2M71.3%-
    Cash Flow35%<$370.5M: 0%$494.0M: 100%$617.5M: 200%$538.2M135.7%-
    • Target Annual Incentive Amount: $1,400,000
    • Maximum Payout: $2,800,000
    • Weighted Overall Payout: 93.8% resulting in an Actual Payout of $1,313,200
    • Payment: Cash bonus paid at the end of the fiscal year; no vesting schedule.

    Long-Term Incentives (Equity Awards)

    Performance Stock Units (PSUs)

    MetricDetailValue
    Grant DateDate of awardMarch 10, 2023
    Grant Date Fair ValueValuation of PSU award$2,636,493
    Performance Basis50% based on ROIC, 50% based on EBITDA performance-
    Payout RangePayout levels achievable0% – 200%
    Threshold UnitsPSU units at threshold (50% payout)44,976
    Target UnitsPSU units for target (100% payout)89,952
    Maximum UnitsPSU units for maximum (200% payout)179,904
    Vesting ScheduleAwards vest in full at end of performance periodThree-year cliff, ending December 31, 2025
    Evaluation PeriodPeriod over which performance is measured2023–2025
    Market AdjustmentTSR multiplier adjustment (up to ±25% adjustment, max 200% cap)-

    Restricted Stock Units (RSUs)

    MetricDetailValue
    Grant DateDate of grantMarch 10, 2023
    Grant Date Fair ValueValuation of RSU award$1,708,488
    Number of RSUs GrantedTotal RSUs granted59,968
    Vesting ScheduleVesting in three equal installments1/3 on March 10, 2024; March 10, 2025; March 10, 2026
    Performance RequirementsTime-based vesting; no performance metrics attached-

    *Additional Performance Compensation components (such as Deferred Stock Units) are part of the executive's deferred compensation and are not linked to specific performance metrics. *