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

Terrence James Linz, President of Portfolio Brands at La-Z-Boy Inc., reported the disposition of common shares in two separate transactions for tax obligations.

Summary

• Terrence James Linz, President, Portfolio Brands at LA-Z-BOY INC (LZB), reported changes in beneficial ownership of common shares.
• On June 26, 2025, 661 common shares were disposed of at a price of $37.54 per share.
• Following the June 26, 2025 transaction, 53,614 common shares were beneficially owned.
• On June 28, 2025, an additional 294 common shares were disposed of at a price of $37.96 per share.
• After the June 28, 2025 transaction, 53,320 common shares were beneficially owned.
• Both dispositions were marked with transaction code 'F', indicating they were for the payment of tax liability by delivering or withholding securities.

Sentiment

Score: 5

Explanation: The document is a neutral, factual report of insider transactions for tax purposes, which is a common occurrence and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This filing is a routine disclosure of insider transactions, specifically share dispositions for tax purposes, and does not provide broader industry context or trends. It reflects standard compensation and tax practices for executives in publicly traded companies within the consumer discretionary or home furnishings sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider shareholdings and routine tax-related dispositions, which are generally not indicative of management's view on future stock performance.

Key Dates

Keywords

La-Z-Boy, LZB, SEC Form 4, Insider Transaction, Share Disposition, Terrence James Linz, Common Shares, Tax Obligation