Leggett Michael Adam 4

What Happened
Michael Adam Leggett, Senior Vice President & Chief Supply Chain Officer at LA-Z-BOY (LZB), had 509 shares disposed on 2026-06-24 as payment of a tax liability (transaction code F). The shares were valued at $41.85 each, for a total of about $21,302. This was a tax-withholding disposition (routine), not an open-market sale indicating a change in investment stance.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (filed within the standard two-business-day window).
• Price reported: $41.85 per share; Shares withheld/disposed: 509; Total value: ~$21,302.
• Transaction code: F — Payment of exercise price or tax liability (shares withheld to satisfy taxes).
• Shares owned after transaction: not specified in the provided excerpt (see full filing for current holdings).
• No indication of a 10b5-1 plan or other special instruction in the summary provided.

Context
Code F typically means the insider used company shares to cover taxes from an equity award (e.g., option exercise or RSU vesting). Such withholding is a routine administrative step and should not be read as a bullish or bearish signal about the company. For full ownership details and any footnotes, consult the complete Form 4 filing (Accession: 0001928419-26-000005).