La-Z-Boy (NYSE: LZB) HR chief gets stock grants and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC VP & Chief HR Officer Katherine E. Vanderjagt reported routine equity compensation activity. On 2026-06-22, she received several grants of Common Shares at no cost, classified as “Grant, award, or other acquisition.” The filing also shows multiple “F” code transactions where shares were withheld at $39.99 per share to cover tax obligations, not open-market sales. After these awards and tax-withholding dispositions, she directly owned 51,155 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Vanderjagt Katherine E.
Role
VP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 6,887 | $0.00 | -- |
| Tax Withholding | Common Shares | 311 | $39.99 | $12K |
| Tax Withholding | Common Shares | 484 | $39.99 | $19K |
| Grant/Award | Common Shares | 4,214 | $0.00 | -- |
| Tax Withholding | Common Shares | 1,206 | $39.99 | $48K |
| Grant/Award | Common Shares | 1,519 | $0.00 | -- |
| Tax Withholding | Common Shares | 435 | $39.99 | $17K |
| Grant/Award | Common Shares | 1,224 | $0.00 | -- |
| Grant/Award | Common Shares | 1,318 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 52,155 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 2,436 shares
Tax-withholding price: $39.99 per share
Post-transaction holdings: 51,155 shares
+2 more
5 metrics
Tax-withheld shares
2,436 shares
Total F-code tax-withholding shares on 2026-06-22
Tax-withholding price
$39.99 per share
Price for F-code dispositions on 2026-06-22
Post-transaction holdings
51,155 shares
Direct Common Shares held after June 22, 2026 transactions
Single tax-withholding block
1,206 shares
Largest individual F-code tax-withholding entry at $39.99
Example award grant
6,887 shares
Largest individual A-code stock award on 2026-06-22
Key Terms
Grant, award, or other acquisition, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Shares, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
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 did La-Z-Boy (LZB) executive Katherine Vanderjagt report in this Form 4?
Katherine E. Vanderjagt, La-Z-Boy’s VP & Chief HR Officer, reported multiple stock awards of Common Shares and related tax-withholding transactions on June 22, 2026. These entries reflect routine equity compensation activity rather than open-market buying or selling of shares.
What do the “A” and “F” transaction codes mean in the La-Z-Boy (LZB) Form 4?
In this filing, code “A” indicates a grant or award acquisition of Common Shares, generally tied to compensation. Code “F” represents shares delivered to pay exercise price or tax liability, meaning the issuer withheld shares to cover taxes rather than executing a market sale.