Leggett & Platt (NYSE: LEG) CEO records tax-related share withholding
Rhea-AI Filing Summary
Leggett & Platt President and CEO Karl G. Glassman reported a tax-related share disposition. On the reported date, 37,046 shares of common stock were withheld at $11.50 per share to cover tax liabilities associated with equity compensation, rather than sold in the open market.
After this withholding, he directly owns 1,160,926.964 common shares. He also has indirect ownership of 514,335 shares through the Glassman Living Trust and 28,788.371 shares held in a trust under the company retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,046 shares
Net Sell
3 txns
Insider
GLASSMAN KARL G
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 37,046 | $11.50 | $426K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,160,926.964 shares (Direct);
Common Stock — 514,335 shares (Indirect, By Glassman Living Trust);
Common Stock — 28,788.371 shares (Indirect, Held In Trust Under Issuer's Retirement Plan)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LEG CEO Karl Glassman report on this Form 4?
Karl Glassman reported a tax-related share disposition, where 37,046 Leggett & Platt common shares were withheld at $11.50 per share. This transaction satisfied tax obligations tied to equity compensation rather than representing an open-market sale of stock.
Does this LEG Form 4 show an open-market sale by the CEO?
The filing shows a tax-withholding disposition of 37,046 shares, not an open-market sale. Shares were delivered at $11.50 per share to satisfy tax liabilities related to equity compensation rather than sold through market transactions.
What is the overall direction of insider activity in this LEG Form 4?
The primary activity is a disposition for tax withholding, recorded under code F. No open-market buys or sells are reported, and remaining entries simply update indirect holdings in the trust and retirement plan structures.