Form 4: Leggett & Platt CEO Karl Glassman Reports Acquisition of Common Stock
SEC Form 4 Filing
CEO Karl Glassman reports acquiring 294.2938 shares of Leggett & Platt Inc. common stock at $8.1175 per share.
Summary
- On May 16, 2025, Karl G. Glassman, President and CEO of Leggett & Platt Inc., acquired 294.2938 shares of common stock at a price of $8.1175 per share.
- Following the transaction, Glassman directly owns 1,451,717.3912 shares of common stock.
- Glassman also indirectly owns 28,289.387 shares held in trust under the Issuer's Retirement Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by the CEO. While insider buying can be seen as a positive signal, it's a relatively small transaction.
Positives
- The CEO's purchase of company stock may signal confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading. They provide investors with insights into the actions of company executives and directors.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of transaction: Acquisition of common stock. |
| 05/19/2025 | Date of signature by attorney-in-fact. |
Keywords
Leggett & Platt, Karl Glassman, CEO, common stock, acquisition, Form 4, beneficial ownership
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