Form 4: LA-Z-BOY Executive Terrence Linz Reports Significant Equity Award Acquisitions and Tax-Related Dispositions
Insider Transaction Report
Terrence James Linz, President of Portfolio Brands at LA-Z-BOY INC, reported multiple acquisitions of common shares, likely through equity awards, and subsequent dispositions to cover tax obligations in late June 2025.
Summary
- Terrence James Linz, President, Portfolio Brands at LA-Z-BOY INC (LZB), reported changes in his beneficial ownership of common shares.
- On June 23, 2025, Mr. Linz acquired a total of 19,716 common shares (8,138 + 1,727 + 6,457 + 2,094 + 1,300) at a price of $0 per share, indicating these were likely equity awards or grants.
- On June 23, 2025, Mr. Linz disposed of a total of 3,138 common shares (565 + 232 + 494 + 1,847) at a price of $38.26 per share. These dispositions are typically for tax withholding purposes related to equity awards.
- On June 24, 2025, Mr. Linz disposed of an additional 482 common shares at a price of $38.14 per share, also likely for tax withholding.
- Following these transactions, Mr. Linz's direct beneficial ownership of LA-Z-BOY common shares stands at 54,275.
Sentiment
Score: 7
Explanation: The sentiment is positive because a key executive received a significant number of equity awards, aligning their interests with shareholders. The dispositions are routine tax-related sales, not indicative of a negative outlook.
Positives
- Significant acquisition of 19,716 common shares by a key executive (Terrence James Linz) at a $0 price, indicating receipt of equity awards, which aligns executive incentives with shareholder interests.
- The executive's total beneficial ownership increased from an implied starting point (before the first reported acquisition of 8,138 shares, the ownership was 46,317 8,138 = 38,179 shares) to 54,275 shares, demonstrating increased stake in the company.
Negatives
- Dispositions of shares by an executive, totaling 3,620 shares, although these appear to be for tax withholding purposes rather than open market sales.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The increase in executive ownership through equity awards can be seen positively as it aligns management's interests with shareholder value creation.
Key Dates
| Date | Description |
|---|---|
| 06/23/2025 | Date of multiple acquisitions and dispositions of common shares by Terrence James Linz. |
| 06/24/2025 | Date of additional disposition of common shares by Terrence James Linz. |
| 06/25/2025 | Date the Form 4 was signed by Uzma Ahmad, Attorney-in-Fact. |
Keywords
LA-Z-BOY INC, LZB, SEC Form 4, Insider Trading, Beneficial Ownership, Equity Awards, Stock Transactions, Executive Compensation, Terrence James Linz, Common Shares
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.