LEG.NYSELeggett & Platt INC

Form 4: Leggett & Platt CEO Karl Glassman Reports Acquisition of Common Stock

Sentiment:

SEC Form 4 Filing

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CEO Karl Glassman reports acquiring Leggett & Platt common stock at $6.1115 per share, increasing his direct holdings.

Summary

  • On April 4, 2025, Karl G. Glassman, President and CEO of Leggett & Platt, acquired 390.8909 shares of common stock at a price of $6.1115 per share.
  • Following this transaction, Glassman directly owns 1,447,698.7775 shares of Leggett & Platt common stock.
  • He also indirectly owns 28,289.387 shares held in trust under the Issuer's Retirement Plan.
  • The report also reflects an updated balance to include the acquisition of 123.417 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated March 31, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of stock acquisition by an insider.

Positives

  • The CEO's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The increased stake of the CEO may be viewed positively by shareholders.

Key Dates

DateDescription
03/31/2025Date of the plan statement for the Issuer's 401(k) Plan.
04/04/2025Date of the transaction where Karl G. Glassman acquired common stock.
04/07/2025Date of the signature on the Form 4 filing.

Keywords

Leggett & Platt, Karl Glassman, CEO, common stock, beneficial ownership, Form 4, SEC, acquisition

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