Form 4: La-Z-Boy Exec Leggett Disposes of Shares to Cover Tax Obligations
SEC Filing
Michael Adam Leggett, Sr VP & Chief Supply Chain Officer of La-Z-Boy, disposed of 374 common shares to satisfy tax obligations.
Summary
- On June 28, 2024, Michael Adam Leggett, Sr VP & Chief Supply Chain Officer of La-Z-Boy Inc., disposed of 374 common shares.
- The transaction was executed at a price of $37.28 per share.
- Following the transaction, Leggett directly owns 29,989 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant impact on the company's outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. This filing indicates a routine transaction to cover tax obligations, which is a common practice among corporate executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of transaction: Disposal of 374 common shares. |
| 07/02/2024 | Date of signature by Attorney-in-Fact. |
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