Form 4: Leggett & Platt CEO Karl Glassman Acquires Additional Shares Under Pre-Arranged Plan

Leggett & Platt Inc.'s President and CEO, Karl G. Glassman, acquired 303.8385 shares of common stock at $7.8625 per share on June 27, 2025, under a Rule 10b5-1 plan.

Summary

• Karl G. Glassman, who serves as President and CEO and a Director of Leggett & Platt Inc. (LEG), acquired additional shares of the company's common stock.
• The transaction involved the acquisition of 303.8385 shares of Common Stock.
• The shares were acquired at a price of $7.8625 per share.
• The transaction date was June 27, 2025.
• This acquisition was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase schedule.
• Following this transaction, Karl G. Glassman directly beneficially owns 1,425,301.6074 shares of Common Stock.
• Additionally, he indirectly beneficially owns 28,289.387 shares held in trust under the issuer's retirement plan.

Sentiment

Score: 8

Explanation: The acquisition of shares by the President and CEO indicates strong insider confidence in the company's valuation and future prospects, despite the relatively small transaction size compared to total holdings.

Positives

• The acquisition of shares by the President and CEO, Karl G. Glassman, signals confidence in the company's future prospects.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-scheduled purchase rather than a reaction to immediate market conditions.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it primarily reports an insider transaction.

Industry Context

This Form 4 filing details an insider stock acquisition, which is specific to the individual and company, and does not provide information on broader industry trends or competitive landscape.

Related Party Transactions

• The acquisition of common stock by Karl G. Glassman, the President and CEO, is a related party transaction as it involves a key executive of the company.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of management's belief in the company's value and future, potentially increasing investor confidence.

Key Dates

Recommendation

Keywords

Leggett & Platt, LEG, Insider Trading, Form 4, Stock Acquisition, CEO, Karl G. Glassman, Rule 10b5-1, Common Stock, Beneficial Ownership