LA-Z-BOY (LZB) CFO logs 720-share tax-withholding disposition, holds 37,623 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 Form 4 transaction involving a tax-related share disposition. On this date, 720 Common Shares were transferred at $40.30 per share to satisfy a payment of exercise price or tax liability by delivering securities. After this non-market transaction, Luebke directly holds 37,623 Common Shares.
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 | 720 | $40.30 | $29K |
Holdings After Transaction:
Common Shares — 37,623 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 720 shares
Reported share price: $40.30 per share
Shares held after transaction: 37,623 shares
3 metrics
Tax-withheld shares
720 shares
Disposed in tax-withholding transaction coded "F"
Reported share price
$40.30 per share
Value used for 720-share tax-withholding disposition
Shares held after transaction
37,623 shares
Direct Common Shares held by Taylor Edward Luebke
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, 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.
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 insider transaction did LA-Z-BOY (LZB) report for Taylor Edward Luebke?
LA-Z-BOY reported that SVP and CFO Taylor Edward Luebke had 720 Common Shares disposed of in a tax-withholding transaction at $40.30 per share. This was a payment of exercise price or tax liability by delivering securities, not an open-market trade.
Was the LA-Z-BOY (LZB) insider transaction an open-market sale?
No. The transaction was coded "F," indicating a tax-withholding disposition to pay an exercise price or tax liability using shares. It is not classified as an open-market purchase or sale and is considered a routine administrative event rather than a discretionary trade.
What does transaction code "F" mean in the LA-Z-BOY (LZB) Form 4?
Transaction code "F" indicates a payment of an exercise price or tax liability by delivering already-owned securities. For LA-Z-BOY, it shows that Taylor Edward Luebke’s 720-share disposition was a tax-withholding event, not a voluntary open-market sale or purchase.