Leggett & Platt raises CEO Glassman's 2026 base salary to $1.315 million
On February 19, 2026, Leggett & Platt's Human Resources and Compensation Committee approved 2026 pay terms for its named executive officers, including a raise in base salary for CEO Karl G. Glassman to $1,315,000 from $1,275,000. The filing also sets 2026 incentive target percentages, performance criteria for annual cash awards, and long-term equity award multiples, and it does not report a change in officers.
Key points
- Glassman's annual base salary rises to $1,315,000 from $1,275,000; CFO Benjamin M. Burns's rises to $618,000 from $600,000.
- The 2026 KOIP award is weighted 65% on EBITDA and 35% on Cash Flow for corporate participants, with EBITDA threshold of $300.00 million and target of $375.00 million.
- The 2026 long-term incentive award is 60% performance stock units and 40% restricted stock units; Glassman's LTI multiple is 570%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.