Form 4: LA-Z-BOY Executive Reports Routine Stock Disposition for Tax Obligations

LA-Z-BOY's President of LZB Brand and CCO, Robert Sundy II, reported the disposition of 152 common shares to cover tax withholding obligations.

Summary

• Robert Sundy II, identified as the President of LZB Brand and Chief Commercial Officer (CCO) at LA-Z-BOY INC (LZB), filed a Form 4.
• The filing reports a transaction that occurred on June 21, 2025.
• The transaction involved the disposition of 152 common shares.
• The disposition was coded 'F', indicating shares were withheld by the issuer to satisfy tax withholding obligations.
• The price per share for this transaction was $38.13.
• Following this reported transaction, Robert Sundy II beneficially owns 34,987 common shares directly.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations, which is a neutral event and does not indicate a change in management's outlook or company performance. It is a standard part of equity compensation.

Future Outlook

This document, a Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically a disposition for tax purposes. It does not provide information relevant to broader industry trends or competitive analysis within the furniture or home furnishings sector.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

LA-Z-BOY, LZB, Form 4, Insider Transaction, Beneficial Ownership, Robert Sundy, Stock Disposition, Tax Withholding