Form 4: La-Z-Boy Executive Rebecca Reeder Reports Share Acquisitions and Tax-Related Disposition
Insider Transaction Report
La-Z-Boy Inc. officer Rebecca M. Reeder reported the acquisition of 11,410 common shares and the disposition of 463 shares for tax purposes, increasing her direct beneficial ownership to 36,761 shares.
Summary
- Rebecca M. Reeder, President, Retail LZB Furn. Gall. at La-Z-Boy Inc. (LZB), filed a Form 4 reporting changes in her beneficial ownership.
- On June 23, 2025, Ms. Reeder acquired a total of 11,410 common shares through three separate transactions (8,053 shares, 2,071 shares, and 1,286 shares), all at a price of $0, indicating these were likely stock grants or awards.
- On June 24, 2025, she disposed of 463 common shares at a price of $38.14 per share. This transaction code 'F' typically indicates shares withheld for tax purposes upon the vesting of equity awards.
- Following these transactions, Ms. Reeder's direct beneficial ownership of La-Z-Boy common shares stands at 36,761.
Sentiment
Score: 5
Explanation: The document is a routine insider transaction report, which is generally neutral in sentiment. The acquisitions are positive, but the disposition is for tax purposes, balancing the overall impact.
Positives
- Acquisition of 11,410 common shares by a key executive, Rebecca M. Reeder, potentially signaling confidence in the company's future.
- The acquisitions were at a price of $0, suggesting they were equity awards, which aligns executive incentives with shareholder value.
Negatives
- Disposition of 463 common shares, although this was likely for tax withholding purposes and not a discretionary sale.
Future Outlook
NA
Industry Context
This Form 4 filing details an individual executive's equity transactions and does not provide broader industry context or trends. It is a standard disclosure for insider trading activities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Rebecca Reeder granted a Power of Attorney to Uzma Ahmad, Jennifer L. McCurry, and Raphael Richmond to prepare and file Forms 3, 4, and 5 on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 2023-04-18 | Streamlines the process for executive compliance with SEC reporting requirements for insider transactions, enhancing efficiency and accuracy of filings. |
Related Party Transactions
- The reported transactions are by an officer of La-Z-Boy Inc., Rebecca M. Reeder, and are considered related party transactions as they involve an insider's dealings in company securities.
Stakeholder Impact
- Shareholders: Provides transparency into executive stock ownership and compensation, which can influence investor confidence.
- Management: Reflects the executive's equity stake and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 2023-04-18 | Date Power of Attorney was executed by Rebecca Reeder. |
| 2025-06-23 | Date of acquisition of 8,053, 2,071, and 1,286 common shares by Rebecca M. Reeder. |
| 2025-06-24 | Date of disposition of 463 common shares by Rebecca M. Reeder for tax purposes. |
| 2025-06-25 | Date the Form 4 was signed by Uzma Ahmad, Attorney-in-Fact. |
Keywords
La-Z-Boy Inc., LZB, Rebecca M. Reeder, Insider Trading, Form 4, Stock Acquisition, Share Disposition, Executive Compensation, Beneficial Ownership, SEC Filing
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