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.

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