Form 4: La-Z-Boy CFO Lucian Robert Gerard Lucian Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Lucian Robert Gerard, Sr. Vice President & CFO of La-Z-Boy, disposed of 963 common shares on June 26, 2024, to cover tax obligations.
Summary
- On June 26, 2024, Lucian Robert Gerard, the Sr. Vice President & CFO of La-Z-Boy Inc. (LZB), disposed of 963 common shares.
- The transaction was executed at a price of $36.74 per share.
- This disposal was likely to cover tax obligations related to vesting of stock awards.
- Following the transaction, Gerard directly owns 54,542 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of stock disposal transaction |
| 06/28/2024 | Date of signature for the Form 4 filing |
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