Form 4: La-Z-Boy Executive Sells Shares
Statement of Changes in Beneficial Ownership
La-Z-Boy Inc. reports a transaction where President of Wholesale Brands, Terrence James Linz, sold 582 common shares.
Summary
- Terrence James Linz, President of Wholesale Brands at La-Z-Boy Inc., reported a transaction on June 23, 2026.
- Linz sold 582 shares of common stock.
- The transaction was executed at a price of $40.3 per share.
- Following this transaction, Linz beneficially owns 68,321 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing as it reports a routine transaction by an executive, with no indication of significant positive or negative company performance.
Negatives
- An executive sold a portion of their holdings in the company.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
StockSavvy.ai notes that Form 4 filings typically report transactions by company insiders, such as executives and directors. These filings provide transparency into insider buying or selling activity, which can sometimes be an indicator of management's confidence in the company's future prospects.
Stakeholder Impact
- Shareholders may observe this transaction as a routine executive stock sale, with no immediate impact on their holdings.
Key Dates
| Date | Description |
|---|---|
| 06/23/2026 | Date of transaction (sale of common shares) |
| 06/25/2026 | Date of filing signature |
Keywords
La-Z-Boy, LZB, Form 4, insider trading, stock sale, executive compensation, beneficial ownership
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