Form 4: LA-Z-BOY VP & CIO Reports Routine Share Dispositions for Tax Purposes
Insider Transaction Report
LA-Z-BOY Inc.'s Vice President and Chief Information Officer, Carol Young Lee, reported the disposition of 536 common shares across two transactions in late June 2025, primarily for tax liability.
Summary
- Carol Young Lee, the Vice President and Chief Information Officer of LA-Z-BOY Inc. (LZB), reported two transactions involving the disposition of common shares.
- On June 26, 2025, 342 common shares were disposed of at a price of $37.54 per share.
- On June 28, 2025, an additional 194 common shares were disposed of at a price of $37.96 per share.
- These dispositions, totaling 536 shares, were marked with transaction code 'F', indicating they were for the payment of tax liability incident to the receipt, exercise, or vesting of a security.
- Following these transactions, Carol Young Lee directly beneficially owns 27,511 common shares of LA-Z-BOY Inc.
Sentiment
Score: 5
Explanation: The transactions represent routine dispositions of shares to cover tax liabilities, which is a common occurrence for executives receiving equity compensation and does not indicate a change in sentiment or outlook.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The disposition of 536 shares by a corporate officer is a minor transaction relative to the total outstanding shares and is unlikely to have a significant impact on shareholder value or perception, as it is for tax purposes.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this Form 4 filing.
Key Dates
| Date | Description |
|---|---|
| 06/26/2025 | Date of earliest transaction, disposition of 342 common shares. |
| 06/28/2025 | Disposition of 194 common shares. |
| 06/30/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
LA-Z-BOY Inc., LZB, SEC Form 4, Insider Transaction, Share Disposition, Tax Liability, Common Shares, Corporate Officer, Carol Young Lee
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