J. Mitchell Dolloff

President and Chief Executive Officer at LEGGETT & PLATT

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

KGG

Karl G. Glassman

Board Chairman

BMB

Benjamin M. Burns

Executive Vice President and Chief Financial Officer

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

Organization	Role	Date Range
Leggett & Platt	Chief Operating Officer	2019–2021
Leggett & Platt	President—Bedding Products	2020–2021
Leggett & Platt	President—Specialized Products & Furniture Products	2017–2019
Leggett & Platt	Senior Vice President and President of Specialized Products	2016–2017
Leggett & Platt	Vice President and President of the Automotive Group	2014–2015
Leggett & Platt	President of Automotive Asia	2011–2013
Leggett & Platt	Vice President of Specialized Products	2009–2013
Leggett & Platt	Various other capacities	Since 2000

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,120,000	Annual	Fixed base salary for 2023
Executive Contributions to ESU Program	$240,215	As determined by program periodicity	Contribution by executive to ESU Program
Company Contributions to ESU Program	$271,425	As determined by program periodicity	Company matching contribution for ESU Program
Executive Contributions to DSU Program	$936,880	As determined by program periodicity	Executive contribution to Deferred Stock Unit Program
Company Contributions to DSU Program	$234,220	As determined by program periodicity	Company contribution (reflecting a 20% discount benefit) in DSU Program

Performance Compensation

Data from FY 2023

Annual Incentive (KOIP)

Metric	Weight	Threshold	Target	Maximum (Cap)	2023 Actual Results	Payout %	Payout Amount
EBITDA	65%	<$443.25M: 0%	$591.00M: 100%	$738.75M: 200%	$506.2M	71.3%	-
Cash Flow	35%	<$370.5M: 0%	$494.0M: 100%	$617.5M: 200%	$538.2M	135.7%	-

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)

Metric	Detail	Value
Grant Date	Date of award	March 10, 2023
Grant Date Fair Value	Valuation of PSU award	$2,636,493
Performance Basis	50% based on ROIC, 50% based on EBITDA performance	-
Payout Range	Payout levels achievable	0% – 200%
Threshold Units	PSU units at threshold (50% payout)	44,976
Target Units	PSU units for target (100% payout)	89,952
Maximum Units	PSU units for maximum (200% payout)	179,904
Vesting Schedule	Awards vest in full at end of performance period	Three-year cliff, ending December 31, 2025
Evaluation Period	Period over which performance is measured	2023–2025
Market Adjustment	TSR multiplier adjustment (up to ±25% adjustment, max 200% cap)	-

Restricted Stock Units (RSUs)

Metric	Detail	Value
Grant Date	Date of grant	March 10, 2023
Grant Date Fair Value	Valuation of RSU award	$1,708,488
Number of RSUs Granted	Total RSUs granted	59,968
Vesting Schedule	Vesting in three equal installments	1/3 on March 10, 2024; March 10, 2025; March 10, 2026
Performance Requirements	Time-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. *