Form 4: La-Z-Boy Executive Disposes of Shares for Tax Obligations
Insider Transaction Report
Katherine E. Vanderjagt, VP & Chief HR Officer of La-Z-Boy Inc., reported a disposition of 135 common shares to cover tax withholding obligations.
Summary
- Katherine E. Vanderjagt, the Vice President and Chief HR Officer of La-Z-Boy Inc. (LZB), reported a transaction on June 21, 2025.
- The transaction involved the disposition of 135 common shares at a price of $38.13 per share.
- This disposition was made to the issuer (La-Z-Boy Inc.) to satisfy tax withholding obligations, indicated by transaction code 'F'.
- Following this transaction, Ms. Vanderjagt beneficially owns 32,154 common shares directly.
- The filing also includes a Power of Attorney, executed on April 28, 2021, authorizing specific individuals to prepare and file Section 16 reports (Forms 3, 4, and 5) on behalf of Ms. Vanderjagt.
Sentiment
Score: 5
Explanation: The document reports a routine, non-discretionary insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate positive or negative implications for the company's performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing details a routine insider transaction, specifically the disposition of shares by an executive to cover tax obligations related to equity compensation. Such transactions are common and generally do not reflect broader industry trends or the company's operational performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Katherine Elizabeth Vanderjagt executed a Power of Attorney, effective April 28, 2021, granting Uzma Ahmad, Jennifer L. McCurry, and Raphaell Z. Richmond the authority to prepare, execute, and file Forms 3, 4, and 5 with the SEC on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 04/28/2021 | This delegation streamlines the process for insider trading compliance filings for the reporting person, ensuring timely and accurate submissions to the SEC. |
Stakeholder Impact
- Shareholders: The transaction is a routine administrative event and is unlikely to have a significant direct impact on shareholders, as it represents a non-discretionary sale for tax purposes rather than a discretionary sale of shares.
Key Dates
| Date | Description |
|---|---|
| 04/28/2021 | Date Power of Attorney was executed by Katherine Elizabeth Vanderjagt. |
| 06/21/2025 | Date of the reported transaction (disposition of common shares). |
| 06/24/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
La-Z-Boy Inc., LZB, SEC Form 4, Insider Transaction, Share Disposition, Executive Compensation, Tax Withholding, Katherine E. Vanderjagt, Corporate Officer
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