La-Z-Boy (LZB) CFO records tax withholding of 159 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC senior vice president and CFO Taylor Edward Luebke reported a small routine share disposition tied to taxes, not an open-market trade. On this Form 4, 159 Common Shares were surrendered at $41.85 per share to cover a tax liability. Following the transaction, Luebke directly holds 37,464 Common Shares, so the withheld amount is minor relative to his remaining stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Luebke Taylor Edward
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 159 | $41.85 | $7K |
Holdings After Transaction:
Common Shares — 37,464 shares (Direct, null)
Footnotes (1)
Key Figures
Shares used for tax withholding: 159 shares
Price per share: $41.85 per share
Shares held after transaction: 37,464 shares
+1 more
4 metrics
Shares used for tax withholding
159 shares
Tax-withholding disposition on Common Shares
Price per share
$41.85 per share
Value applied to the 159-share tax disposition
Shares held after transaction
37,464 shares
Direct Common Share holdings after tax withholding
Tax-withholding transactions
1 transaction, 159 shares
Aggregate tax-withholding activity in this Form 4
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Shares
3 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 159 Common Shares"
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transaction did LA-Z-BOY (LZB) disclose in this Form 4?
LA-Z-BOY reported that its CFO, Taylor Edward Luebke, surrendered 159 Common Shares to cover a tax obligation. The shares were valued at $41.85 each and were not part of an open-market sale, but a routine tax-withholding disposition.
Was the LA-Z-BOY (LZB) CFO’s Form 4 transaction a stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market stock sale. 159 shares were delivered at $41.85 per share to satisfy a tax liability, which is a common administrative event tied to equity compensation.
What does transaction code "F" mean in the LA-Z-BOY (LZB) Form 4?
Transaction code "F" represents payment of an exercise price or tax liability by delivering securities. In this case, 159 LA-Z-BOY Common Shares were withheld at $41.85 per share to cover a tax obligation rather than being sold in the market.
Does this LA-Z-BOY (LZB) Form 4 indicate a change in insider sentiment?
The filing reflects a routine tax-withholding disposition of 159 shares, not a discretionary market sale or purchase. Because it is an administrative step linked to taxes, it offers limited insight into the CFO’s view of LA-Z-BOY’s future prospects.