Leggett Michael Adam 4

What Happened
Michael Adam Leggett, Senior Vice President & Chief Supply Chain Officer of La‑Z‑Boy Inc. (LZB), was granted a total of 17,615 shares (awards) on 2026-06-22 and, in connection with the awards, had 3,011 shares withheld to satisfy tax withholding obligations. The withheld shares were reported as dispositions at $39.99 per share, totaling approximately $120,410. The awarded shares show an acquisition price of $0 (standard for grants/vested awards).

Key Details

• Transaction date: 2026-06-22; Form 4 filed 2026-06-24 (timely within the 2-business-day window).
• Awards (code A): 7,502; 1,889; 5,235; 1,538; 1,451 = total 17,615 shares acquired at $0.00.
• Tax withholding (code F): 387; 597; 538; 1,489 = total 3,011 shares disposed/withheld at $39.99 each, reported value ~$120,410.
• Shares owned after the transaction: not provided in the data shown — see the original Form 4 for the "Amount Beneficially Owned" field.
• Footnotes/meaning: A = grant/award acquisition; F = shares withheld to satisfy tax liability (not open‑market sale).
• Filing timeliness: Filed 6/24/2026 for 6/22/2026 transactions — appears timely.

Context
These entries reflect equity awards being issued/vesting to an executive and shares being surrendered/withheld to cover tax obligations (a common administrative action). The awards are acquisitions (not purchases), and the withheld shares are not open‑market sales — they merely satisfy tax withholding. Such award grants are routine compensation events and do not by themselves indicate the insider’s personal buying or selling sentiment.