Whittington Melinda D 4

What Happened
Melinda D. Whittington, President & CEO and a director of La‑Z‑Boy Inc. (LZB), had a total of 9,757 shares disposed to cover tax obligations tied to equity (code F). On 2026-06-26, 6,376 shares were withheld at $40.95 each for $261,097; on 2026-06-28, 3,381 shares were withheld at $40.95 each for $138,452. The combined value of the share disposals is approximately $399,549. These were withholding/tax-payment transactions rather than open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-06-26: 6,376 shares @ $40.95 = $261,097 (code F)
  • 2026-06-28: 3,381 shares @ $40.95 = $138,452 (code F)
• Total shares disposed: 9,757; total value ≈ $399,549.
• Transaction code F indicates shares were withheld to cover tax withholding following an equity award or option exercise.
• Form filed: 2026-06-29 (covers period through 2026-06-26). The filing appears to have been submitted within the SEC’s two-business-day Form 4 deadline.
• Shares owned after the transactions: not provided in the excerpt; check the full Form 4 for current post-transaction holdings.

Context
Code F transactions are commonly automatic withholding of shares to satisfy tax liabilities from a stock award or option exercise (a form of "cashless" settlement) and do not necessarily reflect a voluntary sale or change in insider sentiment. Retail investors should view withholding disposals differently than open-market sales and consult the full Form 4 for additional details (e.g., grants or exercises that prompted the withholding).