LEG CEO buys 304 shares; stake climbs to 1.43M – Form 4 filing
Leggett & Platt, Inc. (LEG) filed a Form 4 disclosing that President & CEO Karl G. Glassman acquired additional company stock on 06/27/2025.
Rhea-AI Filing Summary
Leggett & Platt, Inc. (LEG) filed a Form 4 disclosing that President & CEO Karl G. Glassman acquired additional company stock on 06/27/2025.
- Transaction details: 303.8385 shares of common stock acquired (transaction code A) at a reported price of $7.8625 per share, implying a total value of roughly $2.4 thousand.
- Post-transaction holdings: Glassman now directly owns 1,425,301.6074 LEG shares and indirectly controls 28,289.387 shares held in the company’s retirement plan.
- Role: Glassman serves as Director, President, and Chief Executive Officer.
The filing indicates a small incremental purchase rather than a sale, suggesting continued insider alignment but involving an immaterial dollar amount relative to both Glassman’s existing stake and LEG’s market capitalization.
Positive
- Insider purchase: CEO acquired additional common shares, a generally supportive signal even if small.
Negative
- None.
Insights
TL;DR – CEO bought ~304 shares; symbolic show of confidence, financially immaterial.
The Form 4 shows a modest automatic acquisition (code A) of roughly $2.4 k in stock by CEO Karl Glassman. His direct ownership rises to 1.425 million shares, so the added 304 shares increase his stake by less than 0.03%. Because no shares were sold and Glassman already has a large position, the filing conveys a neutral-to-slightly positive signal of ongoing insider commitment but is unlikely to influence valuation or trading volumes. There are no derivative transactions or sales that might raise concern.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 303.8385 | $7.8625 | $2K |
| holding | Common Stock | -- | -- | -- |
FAQ
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What is Glassman’s total direct ownership after the transaction?
Did the filing report any stock sales by the insider?
Does this Form 4 indicate a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.