Form 4: La-Z-Boy Executive Terrence James Linz Reports Stock Transaction
SEC Form 4 Filing
Terrence James Linz, President of Portfolio Brands at La-Z-Boy, reports disposition of 292 common shares to cover tax obligations.
Summary
- On June 28, 2024, Terrence James Linz, President of Portfolio Brands at La-Z-Boy Inc., disposed of 292 common shares.
- The transaction was executed at a price of $37.28 per share.
- This disposition was related to covering tax obligations.
- Following the transaction, Linz directly owns 38,324 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine 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 standard transaction to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of the stock transaction (disposition of shares). |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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