Form 4: La-Z-Boy Executive Terrence James Linz Reports Stock Disposal
SEC Form 4 Filing
Terrence James Linz, President of Portfolio Brands at La-Z-Boy, disposed of 657 common shares to cover tax obligations.
Summary
- On June 26, 2024, Terrence James Linz, President of Portfolio Brands at La-Z-Boy Inc., disposed of 657 common shares.
- The transaction was executed at a price of $36.74 per share.
- Following the transaction, Linz directly owns 38,616 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares by an executive, which can be interpreted in various ways but is often related to personal financial management or tax obligations.
Stakeholder Impact
- The disposal of shares by an executive could have a minor psychological impact on shareholders, but the quantity is unlikely to be material.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date of the stock disposal transaction. |
| 06/28/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.