Form 4: Leggett & Platt Director Karl G. Glassman Reports Stock Disposal
SEC Form 4 Filing
Director Karl G. Glassman disposed of 2,262 shares of Leggett & Platt Inc. stock on March 11, 2024, to cover tax obligations.
Summary
- On March 11, 2024, Karl G. Glassman, a director of Leggett & Platt Inc., disposed of 2,262 shares of common stock.
- The transaction was executed at a price of $20.68 per share.
- This disposal was likely to cover tax obligations related to vesting of stock awards.
- Following the transaction, Glassman directly owns 895,180.5399 shares and indirectly owns 26,771.817 shares held in trust under the issuer's retirement plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock disposal, which is neutral in sentiment. It doesn't indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals are not necessarily negative, as they can be for tax planning or diversification.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares by a director.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock disposal transaction |
| 03/12/2024 | Date of signature on the Form 4 filing |
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