Form 4: Leggett & Platt CEO Karl Glassman Acquires Shares
Insider Transaction Report
Leggett & Platt CEO Karl Glassman reported the acquisition of 299.2412 shares of common stock on April 2, 2026, valued at $8.2365 per share.
Summary
- Karl Glassman, President and CEO of Leggett & Platt Inc., acquired 299.2412 shares of common stock on April 2, 2026.
- The acquisition was made at a price of $8.2365 per share, totaling an investment of $2,467.44.
- Following this transaction, Glassman beneficially owns 1,159,522.6238 shares of common stock directly.
- Additionally, he holds 514,335 shares indirectly through the Glassman Living Trust and 28,894.558 shares held in trust under the Issuer's Retirement Plan.
- The filing also notes an acquisition of 106.187 shares under the Issuer's 401(k) Plan, exempt under Rule 16b-3(c), based on a plan statement dated March 31, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine insider stock acquisition and does not contain performance metrics or strategic updates.
Positives
- CEO's direct acquisition of company stock can signal confidence in the company's future prospects.
- Acquisition of shares under the 401(k) plan indicates ongoing employee participation and benefit accumulation.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that insider transactions, such as this Form 4 filing by Leggett & Platt's CEO, are closely watched by investors as they can provide insights into management's perception of the company's valuation and future performance within the diversified manufacturing sector.
Stakeholder Impact
- Shareholders: The acquisition by the CEO may be interpreted as a positive signal of confidence in the company's stock value.
- Employees: The acquisition of shares under the 401(k) plan reflects ongoing employee participation in the company's equity.
- Management: The transaction directly impacts the beneficial ownership of the CEO.
Key Dates
| Date | Description |
|---|---|
| 04/02/2026 | Date of earliest transaction reported and transaction date for acquisition of common stock. |
| 03/31/2026 | Date of plan statement for 401(k) acquisition. |
Keywords
Leggett & Platt, SEC Form 4, Insider Trading, Stock Acquisition, Beneficial Ownership, Karl Glassman, Common Stock, CEO, Retirement Plan, 401(k) Plan
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