Form 4: Leggett & Platt CEO Karl Glassman Reports Stock Disposal
SEC Form 4 Filing
CEO Karl Glassman disposed of 27,334 shares of Leggett & Platt Inc. common stock on May 20, 2025, to cover tax obligations.
Summary
- On May 20, 2025, Karl G. Glassman, President and CEO of Leggett & Platt Inc., disposed of 27,334 shares of common stock.
- The transaction was executed at a price of $9.17 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Glassman directly owns 1,424,383.3912 shares of Leggett & Platt Inc.
- Glassman also indirectly owns 28,289.387 shares held in trust under the Issuer's Retirement Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock disposal for tax purposes, which is a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of stock disposal transaction |
| 05/21/2025 | Date of signature by attorney-in-fact |
Keywords
Leggett & Platt, Karl Glassman, Stock Disposal, Form 4, SEC Filing, Insider Trading
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