[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Karl G. Glassman, President and CEO of Leggett & Platt, Inc. (LEG), reported an insider acquisition on 08/22/2025. The Form 4 shows a purchase of 290.9426 shares of the issuer's common stock at a price of $8.211 per share. After the transaction, the filing lists 1,428,561.5038 shares as beneficially owned in a direct form and 28,497.442 shares as indirect ownership held in trust under the issuer's retirement plan.
The filing was signed on behalf of the reporting person by an attorney-in-fact on 08/25/2025. The report identifies Glassman as both a director and the company's President and CEO and provides his business address in Carthage, Missouri.
Positive
- Insider acquisition disclosed: Reporting person purchased 290.9426 shares at $8.211 per share on 08/22/2025.
- High reported beneficial ownership: The filing shows 1,428,561.5038 shares held directly, indicating substantial insider stake.
- Indirect retirement plan holdings disclosed: 28,497.442 shares are reported as held in trust under the issuer's retirement plan.
Negative
- None.
Insights
TL;DR: Insider purchase disclosed; transaction size is small relative to total reported holdings.
The Form 4 documents a routine open-market acquisition of 290.9426 common shares at $8.211 each by Karl G. Glassman on 08/22/2025. The filing also reports large aggregate beneficial ownership figures: 1,428,561.5038 shares direct and 28,497.442 shares indirect in a retirement trust. This disclosure is informative for tracking executive ownership trends but, standing alone, does not indicate a material change to capital structure or control.
TL;DR: Proper Section 16 disclosure filed; identifies roles and ownership but shows no unusual delegations.
The Form 4 correctly identifies Glassman as Director and President/CEO and reports the specified acquisition and existing indirect holdings. The form is signed by an attorney-in-fact, consistent with authorized filing practice. The filing provides transparency on insider ownership levels but contains no additional governance actions or change in control events.