Form 4: La-Z-Boy Executive Reports Routine Share Dispositions for Tax Obligations

Robert Sundy II, President of LZB Brand CCO at La-Z-Boy Inc., reported the disposition of 978 common shares across two transactions in late June 2025, primarily for tax withholding purposes.

Summary

• Robert Sundy II, President of LZB Brand CCO for La-Z-Boy Inc. (LZB), reported changes in his beneficial ownership of common shares.
• On June 26, 2025, Sundy disposed of 683 common shares at a price of $37.54 per share.
• Following this transaction, Sundy's direct beneficial ownership stood at 50,819 common shares.
• Two days later, on June 28, 2025, an additional 295 common shares were disposed of at a price of $37.96 per share.
• After the second transaction, Sundy's direct beneficial ownership decreased to 50,524 common shares.
• Both transactions were coded 'F', indicating they were dispositions for the payment of exercise price or tax liability related to the receipt, exercise, or vesting of securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The reported transactions are routine dispositions for tax obligations, which do not indicate a change in company performance or management's confidence.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a disposition of shares for tax purposes. Such transactions are common in the corporate world when equity awards vest, and they generally do not reflect a change in management's outlook on the company's future or broader industry trends.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes by an executive is a routine event and typically has minimal direct impact on shareholders, as it does not signal a change in the company's operational performance or strategic direction.

Key Dates

Keywords

La-Z-Boy, LZB, SEC Form 4, Insider Transaction, Share Disposition, Tax Withholding, Common Shares, Robert Sundy II, Corporate Officer