GLASSMAN KARL G 4

What Happened Karl G. Glassman, President & CEO and a director of Leggett & Platt, disposed of 37,046 shares on 2026-03-02 at $11.50 per share, totaling $426,029. The filing uses transaction code F (payment of exercise price or tax liability), indicating the shares were surrendered/sold to cover option exercise costs or tax withholding rather than an open-market sale for investment reasons.

Key Details

• Transaction date and price: 2026-03-02 — 37,046 shares at $11.50 each.
• Transaction value: $426,029 (proceeds/consideration tied to withholding/payment).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote/transaction code: Code F — payment of exercise price or tax liability (commonly a tax-withholding or cashless exercise mechanism).
• Filing timeliness: Report filed 2026-03-03 for a 2026-03-02 transaction — appears timely (no late-filing indication in provided data).

Context This type of disposal typically reflects tax-withholding or covering the exercise cost of equity awards (a cashless exercise/surrender) and is routine for executives receiving option exercises or vested awards. Such transactions do not necessarily indicate the insider’s view on the company’s prospects.