Leggett & Platt sets 2022 executive compensation; Dolloff base salary raised to $1.12M, Glassman reduced to $750K

LEGGETT & PLATT INC

President & CEO Dolloff base salary increased 40% to $1.12M; KOIP target raised to 125%; LTI multiple to 400%.
Executive Chairman Glassman base salary decreased 39% to $750K; KOIP target to 100%; LTI multiple to 200% (all RSUs).
CFO Tate, EVP Henderson, and SVP Douglas received modest base salary increases (3-5%); KOIP and LTI multiples unchanged.
2022 KOIP award formula: ROCE (60%) and Cash Flow/FCF (40%); min ROCE 28.1%, cash flow $476.25M for corporate participants.
Vehicle policy change: NEOs lose company cars, get $800/month for 12 months in lieu.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.