LA-Z-BOY (LZB) VP/GC Raphaell Z. Richmond Withholds 489 Shares

What Happened Raphaell Z. Richmond, VP, General Counsel & Chief Compliance Officer of LA-Z-BOY (LZB), had 489 shares disposed to satisfy a tax liability tied to stock compensation. The shares were recorded at $40.30 each for a total value of about $19,707. This was a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-25 (filed timely).
• Price per share: $40.30; shares withheld/disposed: 489; total value ≈ $19,707.
• Transaction code: F (payment of exercise price or tax liability / tax withholding).
• Shares owned after the transaction: not disclosed in the filing.
• Filing accession: 0001860305-26-000002.

Context Code F typically reflects shares surrendered or withheld to cover taxes from an option exercise or restricted stock vesting (a routine administrative step). This is not an open-market sale and generally does not indicate a change in the insider’s view of the company. Purchases are usually considered more informative than tax-withholding dispositions.