STOCK TITAN

Leggett & Platt (LEG) CEO receives stock award and updates plan holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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"
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GLASSMAN KARL G

(Last)(First)(Middle)
NO 1 LEGGETT ROAD

(Street)
CARTHAGE MISSOURI 64836

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
LEGGETT & PLATT INC [ LEG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/02/2026A299.2412A$8.23651,159,522.6238D
Common Stock514,335IBy Glassman Living Trust
Common Stock28,894.558(1)IHeld In Trust Under Issuer's Retirement Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Balance has been updated to reflect the acquisition of 106.187 shares under the Issuer's 401(k) Plan in transactions exempt under Rule 16b-3(c). The information in this report is based on a plan statement dated as of 3/31/2026.
Remarks:
/s/ Stanley Scott Luton, attorney-in-fact04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many LEG shares does Karl Glassman now own directly and indirectly?

After the reported award, Karl Glassman directly owns 1,159,522.6238 Leggett & Platt shares. He also has indirect holdings of 514,335.0000 shares via the Glassman Living Trust and 28,894.5580 shares held in a trust under the issuer's retirement plan.

What was the price per share for the LEG stock award to Karl Glassman?

The 299.2412 Leggett & Platt shares awarded to Karl Glassman were valued at $8.2365 per share. This price is used in the Form 4 to describe the grant or award acquisition of common stock, rather than an open-market purchase or sale transaction.

What does the Form 4 say about Glassman’s LEG shares held in retirement plans?

The filing reports 28,894.5580 Leggett & Platt shares held in a trust under the issuer's retirement plan. A footnote adds that 106.187 shares were acquired under the issuer's 401(k) plan in transactions exempt under Rule 16b-3(c), based on a March 31, 2026 plan statement.

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.