Form 4: Leggett & Platt CEO Karl Glassman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Karl Glassman reports acquisition and disposal of Leggett & Platt common stock, along with holdings in the company's retirement plan.
Summary
- On July 15, 2024, Karl G. Glassman, President and CEO of Leggett & Platt, reported changes in his beneficial ownership of the company's common stock.
- Glassman acquired 1,017.5131 shares at $10.302 per share and 821.8358 shares at $9.696 per share.
- He also disposed of an unspecified amount of common stock.
- Following these transactions, Glassman directly owns 1,153,730.7629 shares of Leggett & Platt common stock.
- Additionally, he indirectly owns 27,958.332 shares held in trust under the Issuer's Retirement Plan.
- The report also reflects the acquisition of 706.748 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated June 30, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an insider, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the CEO's investment activity in the company.
- The transactions may have a minor impact on the stock price due to the volume of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the plan statement for the Issuer's 401(k) Plan. |
| 07/15/2024 | Date of the reported transactions involving Leggett & Platt common stock. |
| 07/16/2024 | Date of signature for the report. |
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