Leggett & Platt Management
Management criteria checks 1/4
Leggett & Platt's CEO is Karl Glassman, appointed in May 2024, has a tenure of 23.33 years. total yearly compensation is $9.87M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 1.1% of the company’s shares, worth $13.57M. The average tenure of the management team and the board of directors is 1.9 years and 11.4 years respectively.
Key information
Karl Glassman
Chief executive officer
US$9.9m
Total compensation
| CEO salary percentage | 7.95% |
| CEO tenure | 1yr |
| CEO ownership | 1.1% |
| Management average tenure | 1.9yrs |
| Board average tenure | 11.4yrs |
Recent management updates
Recent updates
Leggett & Platt (NYSE:LEG) Is Paying Out A Dividend Of $0.05
May 11
Revenues Not Telling The Story For Leggett & Platt, Incorporated (NYSE:LEG) After Shares Rise 33%
May 05Leggett & Platt, Incorporated Just Beat EPS By 7.3%: Here's What Analysts Think Will Happen Next
May 01Why I'm Not Jumping Into Leggett & Platt After Q1 Earnings
Apr 29
Cost Reductions And Product Innovation Will Drive 2025 Transformation
Restructuring and automation efforts are poised to enhance margins and profitability by reducing costs and optimizing processes.Leggett & Platt, Incorporated's (NYSE:LEG) Shares May Have Run Too Fast Too Soon
Mar 17Is It Too Late To Consider Buying Leggett & Platt, Incorporated (NYSE:LEG)?
Feb 27Leggett & Platt: Financial Improvements, New Cash Coming, And Quite Cheap
Feb 19These 4 Measures Indicate That Leggett & Platt (NYSE:LEG) Is Using Debt Extensively
Feb 13The Returns At Leggett & Platt (NYSE:LEG) Aren't Growing
Jan 28Is There An Opportunity With Leggett & Platt, Incorporated's (NYSE:LEG) 47% Undervaluation?
Jan 10Leggett: A Long-Term Player That's Also Relatively Inexpensive
Dec 27Leggett & Platt, Incorporated's (NYSE:LEG) Share Price Could Signal Some Risk
Dec 10Leggett & 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 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$512m |
| Dec 31 2024 | US$10m | US$785k | -US$511m |
| 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$2m | US$257k | -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$306m |
Compensation vs Market: Karl's total compensation ($USD9.87M) is above average for companies of similar size in the US market ($USD6.09M).
Compensation vs Earnings: Karl's compensation has increased whilst the company is unprofitable.
CEO
Karl Glassman (66 yo)
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 | 1yr | US$9.87m | 1.1% $ 13.6m | |
| Executive VP & CFO | 1.9yrs | US$1.78m | 0.10% $ 1.3m | |
| Executive VP & General Counsel | 1.3yrs | US$1.37m | 0.060% $ 742.7k | |
| Executive Officer | 1yr | US$5.72m | 0.19% $ 2.4m | |
| Executive VP & President of Bedding Products | 3.8yrs | US$1.82m | 0.10% $ 1.3m | |
| EVP, President of the Furniture | 5.3yrs | US$1.46m | 0.071% $ 884.7k | |
| Senior VP & Chief Accounting Officer | 10yrs | no data | 0.067% $ 829.3k | |
| VP & Chief Information Officer | 1.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | less than a year | no data | 0.040% $ 496.2k | |
| VP & Chief Tax Officer | 5.4yrs | no data | no data | |
| Executive VP & Chief Strategic Planning Officer | 1.9yrs | no data | 0.062% $ 767.0k |
Experienced Management: LEG's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 23.3yrs | US$9.87m | 1.1% $ 13.6m | |
| Independent Director | 20.3yrs | US$347.11k | 0.072% $ 887.2k | |
| Independent Director | 19.5yrs | US$312.80k | 0.059% $ 736.7k | |
| Independent Director | 5.5yrs | US$309.23k | 0.0069% $ 85.0k | |
| Independent Lead Director | 16yrs | US$382.75k | 0.018% $ 220.1k | |
| Independent Director | 6yrs | US$336.81k | 0.0028% $ 35.1k | |
| Independent Director | 6.8yrs | US$285.70k | 0.041% $ 507.2k | |
| Independent Director | 3.2yrs | US$289.96k | 0.015% $ 187.4k |
Experienced Board: LEG's board of directors are seasoned and experienced ( 11.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/21 23:29 |
| End of Day Share Price | 2025/05/21 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| 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.
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 Github.
Analyst Sources
Leggett & Platt, Incorporated is covered by 11 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 |
|---|---|
| Daniel Moore | CJS Securities, Inc. |
| Susan Maklari | Credit Suisse |
| Susan Maklari | Goldman Sachs |