Leggett Michael Adam 4

What Happened
Michael Adam Leggett, Senior Vice President & Chief Supply Chain Officer of La‑Z‑Boy Inc. (LZB), sold 2,200 shares of company stock on 2026-02-20. The shares were disposed at $37.00 per share, for proceeds of $81,400, reported as an open‑market sale.

Key Details

• Transaction date and price: 2026-02-20 — 2,200 shares sold at $37.00 per share.
• Total value: $81,400.
• Transaction type: Sale (reported code S), described as open‑market or private sale on the Form 4.
• Filing date: Form 4 filed 2026-02-23 (appears to be filed within the required reporting window).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes/plan details: No 10b5-1 plan, tax withholding, or other special footnotes were disclosed in the provided transaction details.

Context
Insider sales like this are common and can reflect routine portfolio management (diversification, cash needs, etc.); they are not by themselves a clear signal about company fundamentals. Purchases generally convey a stronger bullish signal than routine sales. Retail investors should consider the size of this sale relative to the insider’s remaining holdings and look for patterns of repeated insider buying or selling, as well as company news and financials, before drawing conclusions.