LEG insider adds 311.9318 shares via 401(k); total 915,118.8329
Rhea-AI Filing Summary
Insider purchase increasing stake via 401(k) plan. Karl G. Glassman, who is listed as President and CEO and a director of Leggett & Platt Inc. (LEG), reported an acquisition of 311.9318 shares of common stock on 10/03/2025 at a reported price of $7.6585 per share. After the transaction, total beneficial ownership is reported as 915,118.8329 shares, held partly directly and partly indirectly (including 514,335 shares by the Glassman Living Trust and 28,633.801 shares held in trust under the issuer's retirement plan).
The filing notes the reported acquisition reflects 136.359 shares added under the issuer's 401(k) plan, based on a plan statement dated 9/30/2025. The form is signed by an attorney-in-fact on 10/06/2025. The disclosure is routine Section 16 reporting of insider activity and shows a small incremental purchase through a company retirement plan rather than a market open-market trade.
Positive
- Insider increased ownership by 311.9318 shares, bringing total to 915,118.8329 shares
- Purchase arose from 401(k) plan, consistent with routine, pre-set employee benefit activity
Negative
- None.
Insights
TL;DR: CEO/director made a modest 401(k)-linked purchase, slightly increasing beneficial ownership.
The reported 311.9318 share acquisition was recorded as exempt under Rule 16b-3(c) because it arises from the issuer's 401(k) plan, which typically allows automatic contributions or plan-directed investments without active trading by the insider. The filing shows a combined holding of 915,118.8329 shares across direct and indirect vehicles, with 514,335 held by the Glassman Living Trust and 28,633.801 in the retirement plan.
This transaction is procedural and not a block market purchase; monitor future Section 16 filings within 30 days for any non-plan purchases or sales that could signal a change in insider stance.
TL;DR: Incremental increase reflects routine 401(k) plan activity rather than discretionary compensation.
The explanation notes 136.359 shares were added under the issuer's 401(k) plan per a plan statement dated 9/30/2025, indicating payroll or plan allocation timing rather than a negotiated grant or option exercise. Such additions are commonly periodic contributions or plan rebalancing.
Investors may review subsequent plan statements or later Form 4s for cumulative trends in plan-sourced insider accumulation over the next quarter to assess whether retirement-plan allocations are materially changing overall insider ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 311.932 | $7.6585 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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