GLASSMAN KARL G 4
Research Summary
AI-generated summary
Leggett & Platt (LEG) CEO Karl Glassman Receives 299-Share Award
What Happened
Karl G. Glassman, President & CEO and a director of Leggett & Platt Inc. (LEG), was issued 299.241 shares as an award on April 2, 2026. The reported per-share value was $8.24, for a total reported value of approximately $2,465. Transaction code "A" indicates this was an award/grant (an acquisition), which is a purchase-type insider activity.
Key Details
- Transaction date: 2026-04-02; Price per share reported: $8.24; Shares acquired: 299.241; Total value: ~$2,465.
- Transaction type: Award/Grant (SEC transaction code A).
- Shares owned after the transaction: Not specified in this Form 4.
- Footnote: The filing notes the insider’s balance was updated to reflect an acquisition of 106.187 shares under the issuer’s 401(k) Plan (exempt under Rule 16b-3(c)); information based on a plan statement dated 3/31/2026.
- Filing timeliness: Report filed same day as the transaction date (no late filing indicated).
Context
An "A" code award typically reflects shares granted as part of compensation or a company plan; it represents an acquisition rather than a sale. The 401(k) plan shares mentioned in the footnote were reported as exempt-plan transactions and are separate from the award listed on 4/2/2026. This Form 4 is factual reporting of the grant and does not by itself indicate the insider’s personal market view.