Leggett & Platt (LEG) CEO receives 256,235-share stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GLASSMAN KARL G reported acquisition or exercise transactions in this Form 4 filing.
LEGGETT & PLATT INC President and CEO Karl G. Glassman reported an equity award of 256,235 shares of common stock on a grant or award basis at a stated price of $0.0000 per share. A footnote explains these are restricted stock units that settle in common stock on a one-to-one basis and generally vest in one-third increments on the first, second and third anniversaries of the grant date.
After this award, Glassman directly held 1,177,313.6943 common shares. Indirectly, 514,335 shares were held by the Glassman Living Trust and 28,788.3710 shares were held in a trust under the issuer's retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GLASSMAN KARL G
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 256,235 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,177,313.694 shares (Direct);
Common Stock — 514,335 shares (Indirect, By Glassman Living Trust)
Footnotes (1)
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FAQ
What did LEG (Leggett & Platt) CEO Karl G. Glassman report in this Form 4?
Karl G. Glassman reported receiving 256,235 shares of Leggett & Platt common stock as a grant or award. These shares are structured as restricted stock units that settle in stock and vest over three years in equal annual installments.
How are Karl G. Glassman’s new Leggett & Platt restricted stock units structured?
The award consists of restricted stock units that settle solely in Leggett & Platt common stock on a one-to-one basis. They generally vest in one-third increments on the first, second and third anniversaries of the grant date, encouraging multi-year retention and alignment.
What indirect Leggett & Platt holdings are associated with Karl G. Glassman?
Indirectly, 514,335 Leggett & Platt shares are held by the Glassman Living Trust, and 28,788.3710 shares are held in a trust under the issuer’s retirement plan. These positions are reported as indirect ownership interests separate from his directly held common shares.
Was Karl G. Glassman’s Leggett & Platt stock award a purchase or a grant?
The transaction is categorized as an acquisition through a grant or award, not an open-market purchase. It carries transaction code A, indicating a grant, award, or other acquisition, with a stated price of $0.0000 per share for the awarded restricted stock units.
Does this Leggett & Platt Form 4 show any stock sales by Karl G. Glassman?
The Form 4 does not report any sales by Karl G. Glassman. It shows one acquisition transaction coded as a grant or award and two updated indirect holding positions, without any reported dispositions or open-market selling activity in Leggett & Platt shares.