Leggett & Platt sets 2026 executive base salaries and incentive targets

Reuters05:17

Leggett & Platt sets 2026 executive base salaries and incentive targets

Leggett & Platt Inc. said its board compensation committee approved 2026 base salary increases for its named executive officers, including raising President and CEO Karl G. Glassman’s salary to $1.315 million from $1.275 million and CFO Benjamin M. Burns’ to $618,000 from $600,000. The company also set 2026 Key Officers Incentive Plan target percentages, keeping Glassman at 135% and Burns, J. Tyson Hagale and R. Samuel Smith Jr. at 80%, while lifting General Counsel Jennifer J. Davis to 75% from 70%. In addition, Leggett adopted a 2026 incentive award formula weighted 65% to EBITDA and 35% to cash flow or free cash flow, and set 2026 long-term incentive multiples, including 570% for Glassman and 175% for Davis, with new PSU and RSU grants approved for a Feb. 26, 2026 effective date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Leggett & Platt Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-067008), on February 24, 2026, and is solely responsible for the information contained therein.

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