Form 4: La-Z-Boy Senior VP Disposes of Shares for Tax Obligations

La-Z-Boy's Senior Vice President and Chief Supply Chain Officer, Michael Adam Leggett, reported the disposition of 1,042 common shares across two transactions in late June 2025, primarily for tax purposes.

Summary

• Michael Adam Leggett, Senior Vice President and Chief Supply Chain Officer of La-Z-Boy Inc. (LZB), reported two dispositions of common shares.
• On June 26, 2025, 671 common shares were disposed of at a price of $37.54 per share.
• On June 28, 2025, an additional 371 common shares were disposed of at a price of $37.96 per share.
• These transactions, indicated by transaction code "F", represent shares withheld for the payment of tax liability.
• Following these transactions, Michael Adam Leggett beneficially owns 45,098 common shares directly.

Sentiment

Score: 5

Explanation: The transactions are routine dispositions for tax purposes, which are common and do not typically indicate a change in management's view of the company's prospects.

Positives

• The transactions are routine dispositions for tax purposes, indicating compliance with compensation plans and tax obligations.
• The reporting person retains a significant beneficial ownership of 45,098 common shares, demonstrating continued alignment with shareholder interests.

Negatives

• No direct negatives are apparent from these routine tax-related dispositions.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

NA

Industry Context

This Form 4 filing details routine insider share dispositions for tax purposes, which are common occurrences across all industries for executives receiving equity compensation. It does not provide specific industry-related insights or trends.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and is unlikely to have a significant impact on shareholder sentiment or the company's valuation. The executive retains a substantial number of shares.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

Keywords

La-Z-Boy Inc., LZB, SEC Form 4, Insider Transaction, Share Disposition, Tax Withholding, Michael Adam Leggett, Common Shares, Corporate Officer