Form 4: La-Z-Boy VP Katherine Vanderjagt Reports Stock Disposal to Cover Tax Obligations

Katherine E. Vanderjagt, VP & Chief HR Officer of La-Z-Boy, disposed of 281 common shares on June 28, 2024, to satisfy tax obligations.

Summary

• On June 28, 2024, Katherine E. Vanderjagt, VP & Chief HR Officer of La-Z-Boy Inc., disposed of 281 common shares.
• The transaction was executed at a price of $37.28 per share.
• This disposal was to cover tax obligations related to equity compensation.
• Following the transaction, Vanderjagt directly owns 32,289 common shares of La-Z-Boy Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction for tax purposes. It doesn't indicate any positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency to the market regarding insider activity.

Comparison to Industry Standards

• Form 4 filings are a standard part of corporate governance and are comparable across all publicly traded companies.
• The information provided is similar to filings made by insiders at companies like Herman Miller (now MillerKnoll) and Steelcase, which also operate in the furniture and related industries.
• The size of the transaction is relatively small, suggesting it's a routine tax-related disposal rather than a significant change in the insider's investment position.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a small, routine transaction.

Key Dates