Form 4: La-Z-Boy CEO Melinda Whittington Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Melinda Whittington, President & CEO of La-Z-Boy, disposed of 3,556 common shares on June 28, 2024, to satisfy tax withholding obligations.
Summary
- On June 28, 2024, Melinda D Whittington, President & CEO of La-Z-Boy Inc, disposed of 3,556 common shares.
- The transaction was executed at a price of $37.28 per share.
- This disposal was to cover tax obligations related to equity awards.
- Following the transaction, Whittington directly owns 220,050 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to stock awards.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the transaction where 3,556 common shares were disposed of. |
| 07/02/2024 | Date of signature by Uzma Ahmad, Attorney-in-Fact. |
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