GLASSMAN KARL G 4
Research Summary
AI-generated summary
Leggett & Platt CEO Karl Glassman Receives 256,235 RSU Award
What Happened
- Karl G. Glassman, President & CEO and a director of Leggett & Platt Inc. (LEG), received a grant of 256,235 restricted stock units (RSUs) on 2026-02-26. The filing reports an acquisition at $0.00 (a compensation award), so there was no cash purchase or sale disclosed in this transaction.
Key Details
- Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (timely filing).
- Award: 256,235 RSUs; reported price: $0.00 (compensation grant).
- Reported total value in the transaction line: $0 (this reflects the grant accounting on the Form 4 entry, not the market value of the underlying shares).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: F1 — RSUs settle solely in common stock on a one-to-one basis and generally vest in one‑third increments on the first, second and third anniversaries of the grant date.
Context
- RSU grants are a form of compensation that convert to shares only as they vest; this award does not represent an immediate market purchase or sale. Vesting schedule and future tax withholding (if any) could affect when and how many shares are ultimately delivered.