Leggett & Platt (LEG) CEO receives stock award and updates plan holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leggett & Platt President and CEO Karl G. Glassman reported a compensation-related stock award. He acquired 299.2412 shares of common stock on April 2, 2026 at $8.2365 per share, increasing his direct holdings to 1,159,522.6238 shares.
In addition to these direct shares, he reports indirect ownership of 514,335.0000 shares through the Glassman Living Trust and 28,894.5580 shares held in a trust under the issuer's retirement plan. A footnote notes that 106.187 shares were acquired under the issuer's 401(k) plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated as of March 31, 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 | 299.241 | $8.2365 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,159,522.624 shares (Direct);
Common Stock — 514,335 shares (Indirect, By Glassman Living Trust)
Footnotes (1)
- [object Object]
Key Figures
Stock award shares: 299.2412 shares
Award price per share: $8.2365 per share
Direct holdings after award: 1,159,522.6238 shares
+3 more
6 metrics
Stock award shares
299.2412 shares
Grant, award, or other acquisition on April 2, 2026
Award price per share
$8.2365 per share
Valuation of common stock grant on April 2, 2026
Direct holdings after award
1,159,522.6238 shares
Common stock held directly by Karl Glassman
Glassman Living Trust holdings
514,335.0000 shares
Common stock held indirectly via Glassman Living Trust
Retirement plan trust holdings
28,894.5580 shares
Common stock held in trust under issuer's retirement plan
401(k) plan acquisition
106.187 shares
Acquired under issuer's 401(k) plan, Rule 16b-3(c) exempt
Key Terms
Grant, award, or other acquisition, Rule 16b-3(c), 401(k) Plan, Living Trust, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description":"Grant, award, or other acquisition"
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.
401(k) Plan financial
"acquisition of 106.187 shares under the Issuer's 401(k) Plan in transactions"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Living Trust financial
"nature_of_ownership":"By Glassman Living Trust"
retirement plan financial
"nature_of_ownership":"Held In Trust Under Issuer's Retirement Plan"
FAQ
What did LEG CEO Karl Glassman report in this Form 4 filing?
Karl Glassman reported a grant or award of 299.2412 shares of Leggett & Platt common stock on April 2, 2026. This compensation-related acquisition increased his direct ownership and is classified as a grant, award, or other acquisition transaction.
Is the reported LEG stock transaction a market buy or a compensation grant?
The Form 4 classifies the 299.2412-share transaction as a grant, award, or other acquisition, indicated by transaction code A. This means it is compensation-related rather than an open-market purchase, and it increases Karl Glassman’s direct ownership position in Leggett & Platt.