LA-Z-BOY CEO exercises options, sells 34K shares
LA-Z-BOY INC President & CEO Melinda D. Whittington reported multiple equity transactions involving company common shares.
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Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC President & CEO Melinda D. Whittington reported multiple equity transactions involving company common shares. On June 22–23, 2026, she exercised stock options to acquire 34,003 common shares at an exercise price of $33.15 per share and sold 34,003 shares in open-market transactions at weighted average prices of $40.2388 and $40.0001, pursuant to a pre-arranged Rule 10b5-1 trading plan. She also received several share grants and awards and had shares withheld to cover tax obligations. After these transactions, she directly owned 415,061 common shares.
Insider Trade Summary 10b5-1
Exercise and Sale: 34,003 shares ($239K approx. pre-tax spread)
Exercise and Sale
15 txns
Insider
Whittington Melinda D
Role
President & CEO
Sold
34,003 shs ($1.37M)
Approx. gross sale proceeds
$1.37M
Approx. exercise cost
$1.13M
Approx. pre-tax spread
$239K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) | 7,364 | $0.00 | $0.00 |
| Exercise | Common Shares | 7,364 | $33.15 | $244K |
| Sale | Common Shares | 7,364 | $40.0001 | $295K |
| Exercise | Stock Options (right to buy) | 26,639 | $0.00 | $0.00 |
| Exercise | Common Shares | 26,639 | $33.15 | $883K |
| Sale | Common Shares | 26,639 | $40.2388 | $1.07M |
| Grant/Award | Common Shares | 56,858 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 2,380 | $39.99 | $95K |
| Exercise Price or Tax Liability | Common Shares | 4,098 | $39.99 | $164K |
| Grant/Award | Common Shares | 12,582 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 5,486 | $39.99 | $219K |
| Grant/Award | Common Shares | 34,929 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 15,230 | $39.99 | $609K |
| Grant/Award | Common Shares | 10,619 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 11,229 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (right to buy) — 0 contracts (Direct);
Common Shares — 415,061 shares (Direct)
Footnotes (4)
- F1. The sales reported on this line of the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2026, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.85, inclusive. The reporting person undertakes to provide the issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.005, inclusive. The reporting person undertakes to provide the issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. These options were granted under the La-Z-Boy Incorporated 2017 Omnibus Incentive Plan and become exercisable in four equal annual installments beginning on the date shown in the Date Exercisable column.
Key Figures
Open-market sale 1: 7,364 shares at $40.0001
Open-market sale 2: 26,639 shares at $40.2388
Options exercised: 34,003 shares at $33.15
+4 more
7 metrics
Open-market sale 1
7,364 shares at $40.0001
Common Shares sale on June 23, 2026
Open-market sale 2
26,639 shares at $40.2388
Common Shares sale on June 22, 2026
Options exercised
34,003 shares at $33.15
Stock option exercises on June 22–23, 2026
Tax-withholding shares
27,194 shares
Shares delivered to cover tax liabilities
Share awards granted
126,217 shares
Multiple A-coded common share grants on June 22, 2026
Post-transaction holdings
415,061 shares
Common Shares directly owned after transactions
Net shares sold
34,003 shares
Net sell direction from transaction summary
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Options (right to buy), La-Z-Boy Incorporated 2017 Omnibus Incentive Plan
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported ... were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Options (right to buy) financial
"Stock Options (right to buy) with an exercise price of 33.1500 and expiration date June 18, 2028"
La-Z-Boy Incorporated 2017 Omnibus Incentive Plan financial
"These options were granted under the La-Z-Boy Incorporated 2017 Omnibus Incentive Plan and become exercisable in four equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did LA-Z-BOY (LZB) CEO Melinda Whittington report?
She reported option exercises, stock grants, tax-related share withholdings, and open-market sales. The filing shows 34,003 shares acquired via option exercise and the same number sold, alongside multiple share awards and tax-withholding dispositions during June 22–23, 2026.
At what price did the LA-Z-BOY CEO exercise stock options in this filing?
She exercised stock options to acquire 34,003 common shares at an exercise price of $33.15 per share. These options were granted under the La-Z-Boy Incorporated 2017 Omnibus Incentive Plan and became exercisable in installments from the specified exercisable date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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