Form 4: La-Z-Boy Executive Raphaell Z. Richmond Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Raphaell Z. Richmond, VP, GC & Chief Compliance Officer of La-Z-Boy Inc., disposed of 315 common shares on June 28, 2024, to satisfy tax withholding obligations.
Summary
- On June 28, 2024, Raphaell Z. Richmond, VP, GC & Chief Compliance Officer of La-Z-Boy Incorporated, disposed of 315 common shares.
- The transaction was executed at a price of $37.28 per share.
- This disposal was related to the satisfaction of tax withholding obligations.
- Following the transaction, Richmond directly owns 26,184 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It is common for executives to sell shares to cover tax obligations arising from stock awards or option exercises. These transactions are closely monitored by regulators and investors for compliance with insider trading laws.
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 |
|---|---|
| 06/28/2024 | Date of the transaction where 315 common shares were disposed of. |
| 07/02/2024 | Date of signature by Uzma Ahmad, Attorney-in-Fact. |
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