[Form 4] LA-Z-BOY INC Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC executive Robert Sundy II, President of Retail, reported a small share disposition related to tax withholding. On this Form 4, 604 Common Shares were withheld at a price of $40.30 per share to satisfy tax obligations rather than sold on the open market. After this transaction, Sundy directly holds 65,773 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sundy Robert II
Role
President, Retail
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 604 | $40.30 | $24K |
Holdings After Transaction:
Common Shares — 65,773 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withholding shares: 604 shares
Tax-withholding price: $40.30 per share
Shares held after transaction: 65,773 shares
3 metrics
Tax-withholding shares
604 shares
Shares delivered to satisfy tax liability
Tax-withholding price
$40.30 per share
Value used for 604-share tax-withholding disposition
Shares held after transaction
65,773 shares
Direct Common Share holdings following Form 4 transaction
Key Terms
tax-withholding disposition, Common Shares, Payment of exercise price or tax liability by delivering securities
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.
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) report for Robert Sundy II?
LA-Z-BOY reported that Robert Sundy II had 604 Common Shares withheld to cover tax obligations. The shares were valued at $40.30 each and represent a routine tax-withholding disposition rather than an open-market sale.
Was the LA-Z-BOY (LZB) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition coded "F," not an open-market sale. Shares were delivered to cover tax liability, a common administrative event when equity awards vest or are exercised.
What does transaction code "F" mean in the LA-Z-BOY (LZB) Form 4?
Transaction code "F" on the Form 4 indicates payment of exercise price or tax liability by delivering securities. In this case, 604 shares were used to satisfy tax obligations, not to execute an open-market sale.