Form 4: La-Z-Boy Executive Raphaell Z. Richmond Reports Stock Disposal
SEC Form 4 Filing
Raphaell Z. Richmond, VP, GC & Chief Compliance Officer of La-Z-Boy, disposed of 604 common shares on June 26, 2024, to cover tax obligations.
Summary
- On June 28, 2024, a Form 4 filing with the SEC revealed that Raphaell Z. Richmond, VP, GC & Chief Compliance Officer of La-Z-Boy Inc. (LZB), engaged in a transaction involving the company's common shares.
- On June 26, 2024, Richmond disposed of 604 common shares at a price of $36.74 per share.
- This transaction was executed to cover tax obligations arising from equity compensation.
- Following the transaction, Richmond directly owns 26,499 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
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 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 the stock disposal transaction. |
| 06/28/2024 | Date of the Form 4 filing. |
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