Leggett & Platt Management
Management criteria checks 4/4
Leggett & Platt's CEO is Karl Glassman, appointed in May 2024, has a tenure of less than a year. directly owns 0.88% of the company’s shares, worth $11.47M. The average tenure of the management team and the board of directors is 3.3 years and 8.6 years respectively.
Key information
Karl Glassman
Chief executive officer
US$368.3k
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | less than a year |
| CEO ownership | 0.9% |
| Management average tenure | 3.3yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
Leggett & Platt, Incorporated's (NYSE:LEG) Share Price Could Signal Some Risk
Dec 10
Leggett & Platt: A Fair Company At A Wonderful Price
Nov 07Leggett & Platt: Low Valuation Not Enough To Offset Challenges
Oct 29We Think Leggett & Platt (NYSE:LEG) Is Taking Some Risk With Its Debt
Oct 23Leggett & Platt: Not Yet Low Enough
Oct 21Should You Think About Buying Leggett & Platt, Incorporated (NYSE:LEG) Now?
Oct 08Calculating The Intrinsic Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Sep 25Leggett & Platt's (NYSE:LEG) Returns Have Hit A Wall
Aug 20Leggett & Platt: True Earning Power Could Have Been Overestimated
Aug 06Results: Leggett & Platt, Incorporated Delivered A Surprise Loss And Now Analysts Have New Forecasts
Aug 04Leggett & Platt: A Cash Generation Machine Priced At A Discount
Jun 24Leggett & Platt's (NYSE:LEG) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 06Leggett & Platt: Dividend Lessons Learned From A Former King
Jun 04Leggett & Platt: Our Previous Thesis Is Invalidated - A Rating Downgrade Is Imminent
May 29Leggett & Platt's (NYSE:LEG) Dividend Will Be Reduced To $0.05
May 23Leggett & Platt's (NYSE:LEG) Dividend Is Being Reduced To $0.05
May 09It Looks Like Leggett & Platt, Incorporated's (NYSE:LEG) CEO May Expect Their Salary To Be Put Under The Microscope
May 02Leggett & Platt Cuts Its Dividend: Signs Of An Existential Threat?
May 01Dividend King On A Tightrope: Leggett & Platt's Fight To Maintain Its Status
Apr 20Leggett & Platt: Lower Sales And Worsening Margins Are Bad News For This King
Apr 14Leggett & Platt: 2 High-Yield Income Options
Mar 19Leggett & Platt: Declining Cash Flows Make This Dividend King A Stock I Would Avoid
Mar 07Leggett & Platt: Is The Dividend Still Safe Amid Poor Cash Flow Guidance?
Feb 09Is The Leggett & Platt Stock A Good Buy Ahead Of Its Q4 Results?
Jan 31Leggett & Platt: The Pain Is Not Over Yet
Jan 09Should You Think About Buying Leggett & Platt, Incorporated (NYSE:LEG) Now?
Dec 14Leggett & Platt: Many Issues Ahead
Dec 02Is Leggett & Platt (NYSE:LEG) Using Too Much Debt?
Nov 28Leggett & Platt: Evaluating The Near 8% Yield Of This Dividend King
Nov 15Leggett & Platt: The 7.7% Dividend May Not Be Worth It After The Poor Q3
Nov 01Leggett & Platt: Don't Let This Dividend Aristocrat Fool You
Sep 27Leggett & Platt: This Dividend King Might Have Bottomed
Sep 07At US$27.11, Is Leggett & Platt, Incorporated (NYSE:LEG) Worth Looking At Closely?
Sep 06These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Extensively
Aug 21Leggett & Platt: Best Time In 14 Years To Buy This 6.4%-Yielding Dividend King
Aug 19Leggett & Platt Q2 Earnings: (Dividend) King - Pinned?
Aug 01Estimating The Fair Value Of Leggett & Platt, Incorporated (NYSE:LEG)
Jul 26Leggett & Platt: Is The Dividend King's Throne At Risk?
Jul 20Leggett & Platt: The Reasons We Are Not Yet Buyers Of The Stock
Jul 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$823m |
| Jun 30 2024 | n/a | n/a | -US$815m |
| Mar 31 2024 | n/a | n/a | -US$159m |
| Dec 31 2023 | US$368k | n/a | -US$137m |
| Sep 30 2023 | n/a | n/a | US$213m |
| Jun 30 2023 | n/a | n/a | US$232m |
| Mar 31 2023 | n/a | n/a | US$273m |
| Dec 31 2022 | US$3m | US$750k | US$310m |
| Sep 30 2022 | n/a | n/a | US$363m |
| Jun 30 2022 | n/a | n/a | US$388m |
| Mar 31 2022 | n/a | n/a | US$405m |
| Dec 31 2021 | US$9m | US$1m | US$402m |
| Sep 30 2021 | n/a | n/a | US$405m |
| Jun 30 2021 | n/a | n/a | US$415m |
| Mar 31 2021 | n/a | n/a | US$296m |
| Dec 31 2020 | US$9m | US$1m | US$253m |
| Sep 30 2020 | n/a | n/a | US$232m |
| Jun 30 2020 | n/a | n/a | US$224m |
| Mar 31 2020 | n/a | n/a | US$317m |
| Dec 31 2019 | US$10m | US$1m | US$314m |
| Sep 30 2019 | n/a | n/a | US$300m |
| Jun 30 2019 | n/a | n/a | US$290m |
| Mar 31 2019 | n/a | n/a | US$289m |
| Dec 31 2018 | US$11m | US$1m | US$306m |
| Sep 30 2018 | n/a | n/a | US$289m |
| Jun 30 2018 | n/a | n/a | US$283m |
| Mar 31 2018 | n/a | n/a | US$285m |
| Dec 31 2017 | US$7m | US$1m | US$294m |
Compensation vs Market: Karl's total compensation ($USD368.30K) is below average for companies of similar size in the US market ($USD5.54M).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
CEO
Karl Glassman (66 yo)
less than a year
Tenure
US$368,300
Compensation
Mr. Karl G. Glassman served as Executive Chairman at Leggett & Platt, Incorporated since January 01, 2022 and served as its May 04, 2023 and serves as its Chairman of the Board since May 04, 2023 and also...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$368.30k | 0.88% $ 11.5m | |
| Executive VP & CFO | 1.5yrs | US$1.09m | 0.065% $ 846.1k | |
| Executive Officer | less than a year | US$7.35m | 0.40% $ 5.2m | |
| Executive VP & President of Bedding Products | 3.3yrs | US$1.72m | 0.064% $ 831.7k | |
| Senior VP & Chief Accounting Officer | 9.6yrs | no data | 0.048% $ 621.0k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP & General Counsel | less than a year | no data | 0.022% $ 280.3k | |
| Executive Vice President & Chief HR Officer | 3.9yrs | no data | 0.025% $ 326.8k | |
| VP & Chief Tax Officer | 5yrs | no data | no data | |
| VP & Chief Credit Officer | 5yrs | no data | no data | |
| Executive VP & Chief Strategic Planning Officer | 1.5yrs | no data | 0.037% $ 484.6k | |
| Executive VP and President of the Furniture | 4.9yrs | no data | no data |
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: LEG's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 22.9yrs | US$368.30k | 0.88% $ 11.5m | |
| Independent Director | 10.9yrs | US$331.99k | 0.050% $ 656.8k | |
| Independent Director | 19.9yrs | US$352.45k | 0.052% $ 679.0k | |
| Independent Director | 19.1yrs | US$324.50k | 0.047% $ 614.4k | |
| Independent Director | 5.6yrs | US$287.77k | 0.024% $ 313.0k | |
| Independent Director | 5.1yrs | US$326.32k | 0.0069% $ 89.9k | |
| Independent Lead Director | 15.6yrs | US$457.82k | 0.016% $ 211.7k | |
| Independent Director | 5.6yrs | US$359.51k | 0.0028% $ 37.0k | |
| Independent Director | 6.3yrs | US$286.77k | 0.029% $ 374.3k | |
| Independent Director | 2.8yrs | US$284.49k | 0.0029% $ 37.7k |
8.6yrs
Average Tenure
64yo
Average Age
Experienced Board: LEG's board of directors are considered experienced (8.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Leggett & Platt, Incorporated is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Daniel Moore | CJS Securities, Inc. |
| Susan Maklari | Credit Suisse |