LA-Z-BOY (LZB) CEO uses 6,224 shares for tax withholding, retains over 408K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC President & CEO Melinda D. Whittington reported a tax-withholding share disposition. On 2026-06-23, 6,224 Common Shares were disposed of at $40.30 per share to cover tax obligations, a non-market transaction. After this event, she directly holds 408,837 Common Shares, indicating the disposition is small relative to her overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Whittington Melinda D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 6,224 | $40.30 | $251K |
Holdings After Transaction:
Common Shares — 408,837 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 6,224 shares
Tax withholding price: $40.30 per share
Shares held after transaction: 408,837 shares
+1 more
4 metrics
Shares used for tax withholding
6,224 shares
Common Shares, transaction code F
Tax withholding price
$40.30 per share
Price applied to 6,224 shares
Shares held after transaction
408,837 shares
Direct ownership following 2026-06-23 event
Transaction date
2026-06-23
Date of tax-withholding disposition
Key Terms
tax-withholding disposition, transaction code F, Common Shares
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
transaction code F regulatory
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did LA-Z-BOY (LZB) report for Melinda Whittington?
LA-Z-BOY reported that President & CEO Melinda D. Whittington had 6,224 Common Shares disposed of on 2026-06-23 for tax withholding. This was recorded as a tax-withholding disposition, not an open-market trade, under transaction code F.
Was the LA-Z-BOY (LZB) CEO’s Form 4 transaction a stock sale?
The transaction was classified as a tax-withholding disposition, not an open-market sale. Code F indicates shares were used to pay tax liabilities, meaning the shares covered taxes on equity compensation rather than being sold voluntarily in the market.
What does transaction code F mean in the LA-Z-BOY (LZB) Form 4 filing?
Transaction code F means shares were disposed of to pay the exercise price or related tax liabilities. In this case, 6,224 Common Shares were used for tax withholding, reflecting a compensation-related event rather than a discretionary market sale of stock.