Form 4: La-Z-Boy Executive Sundy Robert II Reports Stock Disposal
SEC Form 4 Filing
Robert Sundy II, Pres LZB Brand CCO, disposed of 293 common shares of La-Z-Boy Inc. on June 28, 2024, to cover tax obligations.
Summary
- On June 28, 2024, Robert Sundy II, the President of La-Z-Boy Brand and CCO, disposed of 293 common shares of La-Z-Boy Inc.
- The transaction was executed at a price of $37.28 per share.
- This disposal was likely to cover tax obligations related to vesting of stock or option exercise.
- Following the transaction, Sundy directly owns 36,151 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing related to stock disposal for tax purposes, and does not indicate a significant change in the company's outlook.
Industry Context
Form 4 filings are a routine part of the US equity market and are required by the SEC to provide transparency into the transactions of company insiders. They do not necessarily indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the stock disposal transaction |
| 07/02/2024 | Date of signature for the Form 4 filing |
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