Form 4: Leggett & Platt CEO Sells Shares for Tax Obligations

Leggett & Platt Inc.'s President and CEO, Karl G. Glassman, reported the disposition of 10,687 shares of common stock to cover tax withholding obligations.

Summary

• Karl G. Glassman, President and CEO of Leggett & Platt Inc. (LEG), reported multiple dispositions of common stock.
• The transactions, totaling 10,687 shares, occurred on January 20, 2026, at a price of $12.13 per share.
• These dispositions were made under transaction code 'F', indicating they were for the purpose of covering tax withholding obligations.
• Following these transactions, Mr. Glassman directly beneficially owns 920,393.8884 shares of common stock.
• Additionally, he indirectly beneficially owns 514,335 shares through the Glassman Living Trust and 28,788.371 shares held in trust under the Issuer's Retirement Plan, bringing his total beneficial ownership to 1,463,517.2594 shares.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine disposition of shares to cover tax withholding obligations, which is a common and expected event for executives receiving equity compensation and does not indicate a change in sentiment towards the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as this is a routine tax-related disposition and not a discretionary sale indicating a change in confidence.

Key Dates

Recommendation

The reported transactions are dispositions of common stock solely for the purpose of covering tax withholding obligations, a standard practice for executives receiving equity compensation. This is not a discretionary sale indicating a lack of confidence in the company's future prospects. Therefore, the filing itself does not provide a basis for changing an existing investment recommendation.

Keywords

Leggett & Platt, LEG, Karl G. Glassman, Insider Trading, Form 4, Stock Sale, Tax Withholding, CEO