Leggett Michael Adam 4

What Happened

• Michael Adam Leggett, Senior Vice President & Chief Supply Chain Officer of La‑Z‑Boy (LZB), disposed of a total of 9,526 shares in two transactions. On 2026-06-23, 526 shares were disposed to cover an exercise price or tax liability at $40.30 per share ($21,198). On 2026-06-24, he sold 9,000 shares in an open-market transaction at a weighted average price of $41.66 per share ($374,918). Total proceeds reported ≈ $396,116. These were sales (including a sell-to-cover for taxes), not purchases.

Key Details

• Transaction dates & amounts:
  • 2026-06-23: 526 shares disposed (code F) at $40.30 — $21,198.
  • 2026-06-24: 9,000 shares sold (code S) at weighted avg $41.66 — $374,918.
• Footnote: The $41.66 is a weighted average; the 9,000 shares traded at prices between $41.65 and $41.82. The filer can provide a per-price breakdown on request (Footnote F1).
• Shares owned after the transactions: Not specified in the filing.
• Filing: Reported on 2026-06-25 for transactions on 2026-06-23 and 06-24 — appears to be timely.

Context

• The 526-share disposal (code F) indicates shares were used to pay an exercise price or settle tax withholding from an option exercise or similar event (sell-to-cover), a common administrative step rather than a directional bet on the stock.
• The separate 9,000-share sale was an open-market sale, which is a routine insider sale and not necessarily a signal about company prospects. Purchases would carry more direct informational weight for investors.