La-Z-Boy (LZB) CEO uses 9,757 shares for tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC President & CEO Melinda D. Whittington reported two Form 4 transactions where a total of 9,757 Common Shares were disposed of as a tax-withholding disposition at $40.95 per share. These were payments of tax liability by delivering shares, not open-market sales. After these transactions, she directly holds 393,984 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Whittington Melinda D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 3,381 | $40.95 | $138K |
| Tax Withholding | Common Shares | 6,376 | $40.95 | $261K |
Holdings After Transaction:
Common Shares — 393,984 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 9,757 shares
Transaction price: $40.95 per share
Shares after latest transaction: 393,984 shares
+2 more
5 metrics
Tax-withholding shares
9,757 shares
Total F-code tax-withholding dispositions in this Form 4
Transaction price
$40.95 per share
Price used for both Common Share tax-withholding dispositions
Shares after latest transaction
393,984 shares
Direct Common Share holdings following June 28, 2026 disposition
First tax-withholding lot
6,376 shares
Common Shares disposed on June 26, 2026 for tax withholding
Second tax-withholding lot
3,381 shares
Common Shares disposed on June 28, 2026 for tax withholding
Key Terms
tax-withholding disposition, transaction code F, Common Shares, Form 4
4 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 financial
"transaction_code: "F" with description of payment of tax liability"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did LA-Z-BOY (LZB) report for Melinda Whittington?
LA-Z-BOY reported that President & CEO Melinda D. Whittington disposed of 9,757 Common Shares in two Form 4 transactions. Both were coded as tax-withholding dispositions, meaning shares were delivered to cover obligations rather than sold on the open market.
Was the LA-Z-BOY (LZB) CEO’s Form 4 transaction an open-market sale?
No, the transactions were not open-market sales. They were coded with transaction code F, described as payment of an exercise price or tax liability by delivering securities, indicating shares were withheld for obligations instead of being sold to outside buyers.