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 on Nov 8, 2026, 2:07 AM ET, from this filing 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 and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.