Form 4: Karl Glassman increases direct holdings to 1,428,270.5612 shares
Rhea-AI Filing Summary
Leggett & Platt insider Karl G. Glassman reported an acquisition of common stock on 08/08/2025. The Form 4 shows 326.803 shares acquired at $7.31, bringing his direct holdings to 1,428,270.5612 shares. The filing also discloses an indirect holding of 28,497.442 shares held in trust under the issuer's retirement plan.
Positive
- President & CEO reported a direct purchase of company stock, which can be viewed as a positive alignment of management and shareholder interests.
Negative
- None.
Insights
TL;DR Routine insider purchase by the CEO; signals management buying but appears unlikely to be materially market-moving.
The Form 4 reports a direct acquisition of common stock dated 08/08/2025 at a price of $7.31 per share and lists total direct holdings of 1,428,270.5612 shares. For most investors this is a governance signal rather than a material change in ownership; the filing contains no information about aggregate transaction value or volume relative to outstanding shares.
TL;DR Purchase by President & CEO aligns management and shareholder interests; disclosure appears standard and includes retirement-plan holdings.
The reporting person is identified as a Director and the President and CEO. The Form 4 shows both direct holdings and an indirect position described as "Held In Trust Under Issuer's Retirement Plan" of 28,497.442 shares. The submission is signed by an attorney-in-fact per the filing. No material corporate governance issues or unusual disclosure items are present in the document.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 326.803 | $7.31 | $2K |
| holding | Common Stock | -- | -- | -- |
AI-generated analysis. How Rhea-AI works. Not financial advice.