Form 4: Leggett & Platt CEO Karl Glassman Reports Acquisition of Common Stock
SEC Form 4 Filing
CEO Karl Glassman reports acquiring additional Leggett & Platt common stock through direct purchases and the company's 401(k) plan.
Summary
- On October 15, 2024, Karl G. Glassman, President and CEO of Leggett & Platt, acquired common stock of the company.
- He acquired 943.8018 shares at $11.1605 per share and 762.5305 shares at $10.504 per share.
- These transactions increased his directly held shares to 1,155,437.0952.
- Additionally, he indirectly holds 28,068.075 shares in trust under the Issuer's Retirement Plan.
- The report also reflects the acquisition of 109.743 shares under the Issuer's 401(k) Plan based on a plan statement dated September 30, 2024.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive due to the CEO's stock purchases, which can be interpreted as a sign of confidence in the company's prospects.
Positives
- The CEO's purchase of company stock may signal confidence in the company's future performance.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued.
Stakeholder Impact
- The CEO's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of the plan statement for the Issuer's 401(k) Plan. |
| 10/15/2024 | Date of the stock acquisition transactions. |
| 10/16/2024 | Date of the signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.