Form 4: Leggett & Platt CEO Karl Glassman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Karl Glassman disposed of 2,262 shares of Leggett & Platt stock on March 10, 2025, to cover tax obligations.
Summary
- On March 10, 2025, Karl G. Glassman, President and CEO of Leggett & Platt Inc., disposed of 2,262 shares of common stock.
- The transaction was executed at a price of $8.25 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercises.
- Following the transaction, Glassman directly owns 1,446,965.9759 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 Form 4 filing related to stock disposal for tax purposes, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by the CEO, which is a common occurrence for covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of stock disposal transaction |
| 03/11/2025 | Date of signature by attorney-in-fact |
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