Leggett & Platt Form 4: CEO Glassman adds to 1.43M-share holding

Rhea-AI Filing Summary

Leggett & Platt (LEG) filed a Form 4 reporting a minor insider purchase by President & CEO Karl G. Glassman on 07/11/2025.

• Common stock acquired: 277.4438 shares
• Purchase price: $8.6105 per share
• Direct holdings after transaction: 1,425,579.0512 shares
• Indirect holdings: 28,497.442 shares held in the company’s retirement plan
• An additional 208.055 shares were added through the issuer’s 401(k) plan, exempt under Rule 16b-3(c).

No shares were sold, and no derivative securities were involved. The transaction modestly increases the CEO’s ownership but is immaterial relative to his existing stake and the company’s total shares outstanding.

Positive

• CEO increased direct ownership by 277.4438 shares, bringing his stake to approximately 1.43 million shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small insider buy—277 shares—raises CEO’s direct stake to 1.43 M; transaction immaterial, neutral impact on valuation.

Impact assessment: Not impactful. The purchase represents far less than 1 % of the CEO’s holdings and an even smaller fraction of LEG’s float, offering limited signalling value. As no shares were sold and the price is well below recent market quotes, it likely reflects routine 401(k) or dividend-reinvestment activity rather than a strategic accumulation. Investors may note continued alignment of executive and shareholder interests, but the transaction does not alter earnings, guidance, or capital structure.

Insider Trade Summary

Net Buyer: 277.4438 shares

Net Buy 2 txns

Insider GLASSMAN KARL G

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	277.4438	$8.6105	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,425,579.0512 shares (Direct); Common Stock — 28,497.442 shares (Indirect, Held In Trust Under Issuer's Retirement Plan)

Footnotes (1)

1. F1. Balance has been updated to reflect the acquisition of 208.055 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 6/30/2025.

FAQ

How many Leggett & Platt shares did CEO Karl G. Glassman buy on 07/11/2025?

He acquired 277.4438 common shares.

What price did the CEO pay per LEG share in this Form 4 filing?

The reported purchase price was $8.6105 per share.

What is Karl G. Glassman’s total direct ownership after the transaction?

His direct holdings total 1,425,579.0512 shares following the purchase.

How many LEG shares does the CEO hold indirectly through retirement plans?

He indirectly owns 28,497.442 shares held in a trust under the issuer’s retirement plan.

Did the Form 4 report any sales or derivative transactions?

No. The filing shows only a small acquisition; no sales or derivative activities were disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/14/2025 - 03:26 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GLASSMAN KARL G

(Last) (First) (Middle)

NO 1 LEGGETT ROAD

(Street)

CARTHAGE MO 64836

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEGGETT & PLATT INC [ LEG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/11/2025		A		277.4438	A	$8.6105	1,425,579.0512	D
Common Stock								28,497.442(1)	I	Held In Trust Under Issuer's Retirement Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Balance has been updated to reflect the acquisition of 208.055 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 6/30/2025.

Remarks:

	/s/ Stanley Scott Luton, attorney-in-fact	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.