Whittington Melinda D 4

What Happened

Melinda D. Whittington, President & CEO and Director of La‑Z‑Boy Inc. (LZB), disposed of 5,096 shares on 2026-06-24 at $41.85 per share, for a total value of $213,268. The filing shows Transaction Code F, indicating the shares were used to pay an exercise price or to satisfy tax withholding obligations related to a prior equity award/option exercise rather than an open‑market sale for investment purposes.

Key Details

• Transaction date: 2026-06-24
• Price per share: $41.85; Total value: $213,268
• Transaction code: F (payment of exercise price or tax liability) — shares were disposed to cover tax/option costs
• Filing date (Form 4): 2026-06-26 (filed two days after the transaction; appears timely)
• Shares owned after transaction: not specified in the provided filing excerpt
• Accession: 0001595034-26-000003

Context

Code F transactions typically reflect share withholding to satisfy taxes from option exercises or restricted stock vesting. These are routine and do not necessarily indicate the insider’s view on the company’s prospects. For retail investors, outright purchases by insiders tend to be more informative than tax‑related disposals.