LA-Z-BOY (LZB) Chief Accounting Officer sells 3,715 shares and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LA-Z-BOY INC Chief Accounting Officer Jennifer Lynn McCurry reported an open-market sale of company stock and a small tax-related share disposition. On June 25, 2026, she sold 3,715 Common Shares at a weighted average price of $41.0527 per share in multiple transactions, and held 16,763 shares afterward.
On June 24, 2026, 193 Common Shares were disposed of at $41.85 per share to cover tax obligations, a routine tax-withholding event rather than a market sale. These transactions reflect a partial reduction of her direct holdings while maintaining a remaining equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,715 shares ($152,511)
Net Sell
2 txns
Insider
McCurry Jennifer Lynn
Role
Chief Accounting Officer
Sold
3,715 shs ($153K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 3,715 | $41.0527 | $153K |
| Tax Withholding | Common Shares | 193 | $41.85 | $8K |
Holdings After Transaction:
Common Shares — 16,763 shares (Direct, null)
Footnotes (1)
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Key Figures
Open-market sale shares: 3,715 shares
Weighted average sale price: $41.0527 per share
Tax-withholding shares: 193 shares
+2 more
5 metrics
Open-market sale shares
3,715 shares
Common Shares sold on June 25, 2026
Weighted average sale price
$41.0527 per share
Open-market sale on June 25, 2026
Tax-withholding shares
193 shares
Tax-withholding disposition on June 24, 2026
Tax-withholding price
$41.85 per share
Tax-withholding disposition on June 24, 2026
Shares held after sale
16,763 shares
Direct ownership after June 25, 2026 sale
Key Terms
open-market sale, tax-withholding disposition, weighted average price
3 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
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.
FAQ
What insider transactions did LA-Z-BOY (LZB) report for Jennifer Lynn McCurry?
LA-Z-BOY reported that Chief Accounting Officer Jennifer Lynn McCurry sold 3,715 Common Shares in the open market and had 193 shares disposed of for tax withholding. These actions modestly reduced her direct share holdings while leaving a significant remaining position.
What does the weighted average sale price mean in the LA-Z-BOY (LZB) Form 4 filing?
The weighted average price of $41.0527 means the 3,715 shares were sold across multiple trades between $41.0501 and $41.08. The average price reflects all those trades combined, and detailed per-trade pricing is available upon request from the issuer or the SEC staff.