Form 4: La-Z-Boy Executive Sells Shares
Statement of Changes in Beneficial Ownership
Michael Adam Leggett, Sr. VP & Chief Supply Chain Officer at La-Z-Boy Inc., reported the sale of 1,024 common shares.
Summary
- Michael Adam Leggett, Sr. VP & Chief Supply Chain Officer of La-Z-Boy Inc., reported transactions on June 26, 2026, and June 28, 2026.
- These transactions involved the sale of common shares at a price of $40.95 per share.
- Specifically, 659 shares were sold on June 26, 2026, and 365 shares were sold on June 28, 2026.
- Following these sales, Mr. Leggett beneficially owns 46,018 common shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it reports routine insider transactions without indicating significant positive or negative company performance.
Negatives
- An executive sold a portion of their holdings in the company.
Future Outlook
No specific future outlook or guidance is provided in this filing.
Industry Context
StockSavvy.ai notes that insider selling, as reported in Form 4 filings, is a common occurrence and can be driven by various personal financial planning reasons, not necessarily indicating a negative outlook on the company's future performance.
Stakeholder Impact
- Shareholders may observe insider selling, which can sometimes be interpreted negatively, though the reasons for such sales are often personal.
Key Dates
| Date | Description |
|---|---|
| 06/26/2026 | Earliest transaction date reported and sale of 659 common shares. |
| 06/28/2026 | Sale of 365 common shares. |
| 06/29/2026 | Date of signature for the filing. |
Keywords
La-Z-Boy, LZB, Form 4, insider trading, stock sale, executive compensation, beneficial ownership
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