Whittington Melinda D 4

What Happened

• Melinda D. Whittington, President & CEO and Director of La‑Z‑Boy Inc. (LZB), reported a disposition of 6,224 shares on 2026-06-23. The shares were disposed at $40.30 each for a total value of $250,827. The transaction is reported under code F, indicating shares were withheld to satisfy an exercise price or tax liability (i.e., tax withholding), not an open‑market sale.

Key Details

• Transaction date: 2026-06-23; Report filed: 2026-06-25 (appears timely — filed two days after the transaction).
• Price: $40.30 per share; Total value of shares withheld: $250,827.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: F — Payment of exercise price or tax liability (shares withheld to cover taxes). No 10b5-1 plan or other special instruction was disclosed in the excerpt.

Context

• This type of transaction typically reflects withholding of shares to cover tax obligations from option exercises or vesting of equity awards. It is generally considered a routine administrative action rather than a directional bet on the stock; it does not necessarily indicate the insider is reducing their economic exposure via an open‑market sale.