Form 4: Leggett & Platt CEO Karl Glassman Reports Stock Disposal
SEC Form 4 Filing
CEO Karl Glassman disposed of 4,541 shares of Leggett & Platt stock to cover tax obligations.
Summary
- On February 24, 2025, Karl G. Glassman, President and CEO of Leggett & Platt Inc., disposed of 4,541 shares of common stock.
- The transaction was executed at a price of $9.58 per share.
- This disposal was likely to cover tax obligations related to vesting of restricted stock or similar equity awards.
- Following the transaction, Glassman directly owns 1,143,716.8699 shares of Leggett & Platt common stock.
- Glassman also indirectly owns 28,165.97 shares held in trust under the Issuer's Retirement Plan.
Sentiment
Score: 5
Explanation: This is a routine transaction filing. The disposal of shares is likely for tax purposes and doesn't necessarily indicate a negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a stock disposal by the CEO, which is a common occurrence for covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock disposal transaction |
| 02/25/2025 | Date of signature on the Form 4 filing |
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