Form 4: La-Z-Boy Executive Trades Shares

Michael Adam Leggett, Sr. VP & Chief Supply Chain Officer at La-Z-Boy Inc., reported transactions involving common shares on June 22, 2026.

Summary

• Michael Adam Leggett, Sr. VP & Chief Supply Chain Officer of La-Z-Boy Inc., engaged in several transactions involving the company's common shares on June 22, 2026.
• These transactions included the acquisition of 7,502 shares, 1,889 shares, 5,235 shares, 1,538 shares, and 1,451 shares, all acquired at a price of $0.
• Additionally, Leggett disposed of 387 shares, 597 shares, 538 shares, 1,489 shares, all sold at a price of $39.99 per share.
• Following these transactions, Leggett's beneficial ownership of La-Z-Boy Inc. common shares stands at 57,077.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions without significant positive or negative implications on its own.

Positives

• Acquisition of a significant number of shares (7,502 + 1,889 + 5,235 + 1,538 + 1,451 = 17,615 shares) at no cost, indicating potential stock-based compensation or grants.
• The reporting person, Michael Adam Leggett, continues to hold a substantial number of shares (57,077) after the reported transactions, suggesting continued investment in the company.

Negatives

• Disposal of 3,009 shares (387 + 597 + 538 + 1,489) at $39.99 per share, which could indicate a decision to reduce holdings or realize gains.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports on past transactions.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in publicly traded companies. These reports provide transparency into the buying and selling activities of company executives and directors, which can be a signal to investors, though the reasons for such transactions can vary widely.

Stakeholder Impact

• Shareholders may observe these transactions as an indicator of executive confidence or liquidity needs, though the acquisition of shares at $0 suggests compensation-related activity rather than a market purchase.
• Employees may view executive stock transactions as a reflection of the company's performance and management's commitment.

Key Dates

Keywords

La-Z-Boy Inc., LZB, Form 4, Insider Trading, Stock Transaction, Beneficial Ownership, Michael Adam Leggett, Executive Compensation, Share Disposal, Share Acquisition