GLASSMAN KARL G 4

What Happened
Karl G. Glassman, President, CEO and a director of Leggett & Platt (LEG), had 27,334 shares disposed on 2026-05-20 to satisfy a tax obligation or exercise payment. The shares were recorded at $9.78 each, totaling approximately $267,327. This was a tax-withholding/settlement disposition (not an open-market sale) commonly seen after option exercises or restricted stock vesting.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-21 (timely filing).
• Shares involved: 27,334 shares at $9.78 per share; total value ≈ $267,327.
• Transaction code: F — payment of exercise price or tax liability (share withholding/net settlement).
• Filing type: Reported on Form 4 (accession 0000058492-26-000312).
• Shares owned after transaction: Not specified in the provided filing details.
• No indication this was a discretionary open-market sale; it's a routine tax-withholding event.

Context
Code F typically means shares were withheld or surrendered to cover taxes or the exercise cost of an equity award (a "sell-to-cover" or net settlement). Such transactions are administrative and do not necessarily reflect the insider’s view of the company’s prospects. Purchases are usually more informative about insider sentiment than routine withholding disposals.