Form 4: La-Z-Boy Exec Leggett Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Adam Leggett, Sr VP & Chief Supply Chain Officer of La-Z-Boy Inc, disposed of 677 common shares on June 26, 2024, to satisfy tax obligations.
Summary
- On June 26, 2024, Michael Adam Leggett, Sr VP & Chief Supply Chain Officer of La-Z-Boy Inc, disposed of 677 common shares.
- The transaction was executed at a price of $36.74 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Leggett directly owns 30,363 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of transaction: disposal of 677 common shares. |
| 06/28/2024 | Date of signature by Attorney-in-Fact. |
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