Form 4: La-Z-Boy Executive Terrence Linz Disposes of Shares for Tax Liability
Insider Trading Report
Terrence James Linz, President of Portfolio Brands at La-Z-Boy Inc., reported a disposition of 145 common shares for tax liability purposes at a price of $38.13 per share.
Summary
- Terrence James Linz, President, Portfolio Brands of La-Z-Boy Inc. (LZB), reported a transaction on June 21, 2025.
- The transaction involved the disposition of 145 common shares.
- The shares were disposed of at a price of $38.13 per share.
- The transaction code 'F' indicates the disposition was made to the issuer in payment of an exercise price or tax liability.
- Following this transaction, Mr. Linz directly beneficially owns 38,179 common shares of La-Z-Boy Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction (disposition for tax liability) by an insider, which is common and generally not indicative of positive or negative company performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual executive's share activity, likely related to compensation or tax obligations.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Terrence James Linz granted a Power of Attorney to Uzma Ahmad, Jennifer L. McCurry, and Raphael Richmond to prepare, execute, and file Forms 3, 4, and 5 with the SEC on his behalf, related to his holdings and transactions in La-Z-Boy Incorporated securities. | 2022-08-25 | This streamlines the process for executive compliance with Section 16(a) reporting requirements, ensuring timely and accurate filings. It does not indicate a change in Mr. Linz's role or responsibilities, but rather administrative delegation. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a small, routine, non-discretionary transaction by an executive for tax purposes, not indicative of a change in company fundamentals or executive confidence.
Key Dates
| Date | Description |
|---|---|
| 2022-08-25 | Date of execution of the Power of Attorney by Terrence James Linz. |
| 2025-06-21 | Date of the reported transaction (disposition of common shares). |
| 2025-06-24 | Date the Form 4 filing was signed by the attorney-in-fact. |
Keywords
La-Z-Boy, LZB, SEC Form 4, Insider Transaction, Share Disposition, Terrence James Linz, Executive Stock, Tax Liability
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