LA-Z-BOY (LZB) supply chain chief reports 509-share tax withholding move

Rhea-AI Filing Summary

LA-Z-BOY INC senior executive reports routine tax withholding transaction. Sr VP & Chief Supply Chain Officer Michael Adam Leggett had 509 common shares disposed of at $41.85 per share to cover tax obligations. After this Form 4 transaction, he directly holds 47,042 common shares of LA-Z-BOY.

Insights

Equity compensation analyst

Small, routine tax withholding with no strong trading signal.

The Form 4 shows an F-code transaction, meaning 509 common shares were withheld at $41.85 per share to satisfy tax obligations tied to equity compensation, rather than an open-market sale decision by Michael Adam Leggett.

Following this tax-withholding disposition, Leggett holds 47,042 common shares directly. The share count involved is small relative to his reported holdings, so this looks like standard administrative handling of taxes on stock-based awards rather than a change in his economic exposure to LA-Z-BOY INC.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leggett Michael Adam

Role Sr VP & Chief Supply Chain Off

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	509	$41.85	$21K

Holdings After Transaction: Common Shares — 47,042 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withheld shares: 509 shares Per-share value: $41.85 per share Shares after transaction: 47,042 shares +1 more

4 metrics

Tax-withheld shares 509 shares Common shares delivered for tax withholding

Per-share value $41.85 per share Valuation used in the tax-withholding disposition

Shares after transaction 47,042 shares Direct common share holdings following the Form 4 transaction

Transaction code F Payment of tax liability by delivering securities

Key Terms

tax-withholding disposition, Form 4, Common Shares, Sr VP & Chief Supply Chain Off

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.

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.

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Sr VP & Chief Supply Chain Off other

"officer_title: "Sr VP & Chief Supply Chain Off""

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 04:37 PM Accepted by SEC EDGAR 06/26/2026 - 04:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leggett Michael Adam

(Last) (First) (Middle)

ONE LA-Z-BOY DRIVE

(Street)

MONROE MICHIGAN 48162

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LA-Z-BOY INC [ LZB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr VP & Chief Supply Chain Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/24/2026		F		509	D	$41.85	47,042	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Uzma Ahmad, Attorney-in-Fact	06/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did LA-Z-BOY (LZB) executive Michael Adam Leggett report in this Form 4?

Michael Adam Leggett reported a tax-withholding disposition of 509 LA-Z-BOY common shares. The shares were used to satisfy tax obligations related to equity compensation, not sold in an open-market trade, and were priced at $41.85 per share in the filing.

How many LA-Z-BOY (LZB) shares were involved in the tax withholding?

The Form 4 shows 509 common shares were disposed of for tax withholding. These shares covered tax liabilities associated with stock-based compensation, which is a common administrative transaction and not typically viewed as a discretionary buy or sell decision by the insider.

At what price were the LA-Z-BOY (LZB) shares valued in the reported transaction?

The 509 LA-Z-BOY common shares in the tax-withholding transaction were valued at $41.85 per share. This price is used in the Form 4 to calculate the value of shares delivered to satisfy tax obligations tied to the executive’s equity compensation.

How many LA-Z-BOY (LZB) shares does Michael Adam Leggett hold after this Form 4?

After the reported tax-withholding disposition, Michael Adam Leggett directly holds 47,042 LA-Z-BOY common shares. This post-transaction balance indicates the 509 shares used for tax purposes represent a relatively small portion of his overall reported equity stake.

Is the LA-Z-BOY (LZB) Form 4 transaction an open-market sale by the executive?

No, the Form 4 lists the code F, meaning a tax-withholding disposition. Shares were delivered to cover tax liabilities on equity compensation, rather than sold on the open market at the executive’s discretion, which generally carries a weaker information signal for investors.

What is Michael Adam Leggett’s role at LA-Z-BOY (LZB) mentioned in this filing?

The filing identifies Michael Adam Leggett as Sr VP & Chief Supply Chain Officer of LA-Z-BOY INC. His position indicates he is a senior officer whose equity transactions must be reported on Form 4 under SEC insider reporting requirements.