Leggett & Platt (LEG) CEO Glassman receives stock award and updates 401(k) holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEGGETT & PLATT INC President and CEO Karl G. Glassman reported an acquisition of 265.0500 shares of common stock as a grant or award at $9.2990 per share, increasing his direct holdings to 1,135,844.7925 shares. He also reports indirect ownership of 29,012.4860 shares held in the issuer’s retirement plan and 514,335.0000 shares held by the Glassman Living Trust. A footnote states the retirement-plan balance reflects an additional 117.928 shares acquired under the issuer’s 401(k) plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated June 30, 2026.
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 | 265.05 | $9.299 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,135,844.793 shares (Direct);
Common Stock — 514,335 shares (Indirect, By Glassman Living Trust)
Footnotes (1)
- [object Object]
Key Figures
Awarded Shares: 265.0500 shares
Award Price: $9.2990 per share
Direct Holdings After Award: 1,135,844.7925 shares
+4 more
7 metrics
Awarded Shares
265.0500 shares
Grant, award, or other acquisition of common stock
Award Price
$9.2990 per share
Price per share for the 265.0500-share award
Direct Holdings After Award
1,135,844.7925 shares
Common stock held directly by Karl G. Glassman after the transaction
Indirect Retirement Plan Holdings
29,012.4860 shares
Common stock held in trust under the issuer’s retirement plan
Indirect Trust Holdings
514,335.0000 shares
Common stock held by the Glassman Living Trust
Additional 401(k) Shares
117.928 shares
Acquired under the issuer’s 401(k) Plan, exempt under Rule 16b-3(c)
Footnote Statement Date
June 30, 2026
Date of plan statement underlying 401(k) share information
Key Terms
Rule 16b-3(c), Held In Trust Under Issuer's Retirement Plan, Glassman Living Trust, Grant, award, or other acquisition, +1 more
5 terms
Rule 16b-3(c) regulatory
"transactions exempt under Rule 16b-3(c). The information in this report"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
Held In Trust Under Issuer's Retirement Plan financial
"nature_of_ownership: Held In Trust Under Issuer's Retirement Plan"
Glassman Living Trust financial
"nature_of_ownership: By Glassman Living Trust"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"ownership_type: indirect"
FAQ
What insider transaction did LEG (LEGGETT & PLATT INC) report for Karl G. Glassman?
Karl G. Glassman reported a grant or award acquisition of 265.0500 shares of LEG common stock at $9.2990 per share. This award increased his directly held position, reflecting additional compensation in equity rather than an open-market purchase.
Was the LEG insider transaction by Karl G. Glassman a market purchase or a grant?
The Form 4 classifies the transaction with code A, described as a grant, award, or other acquisition of 265.0500 shares at $9.2990 per share. This indicates a compensation-related equity award, not an open-market purchase or sale.