Form 4: Leggett & Platt CEO Karl Glassman Reports Stock Transactions
SEC Form 4 Filing
Leggett & Platt's President and CEO, Karl G. Glassman, reports acquisition and disposal of company stock, including restricted stock units and shares held in trust.
Summary
- Karl G. Glassman, President and CEO of Leggett & Platt, filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2024, Glassman acquired 221,621 shares of common stock.
- On the same day, Glassman disposed of 1,128,091.414 shares of common stock.
- Glassman also holds 27,251.584 shares of common stock indirectly through the Issuer's Retirement Plan.
- The reported transactions include restricted stock units that vest in one-third increments annually from the grant date.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of stock acquisition and disposal. |
| 05/21/2024 | Date of signature by attorney-in-fact. |
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