Leggett Michael Adam 4

What Happened

• Michael Adam Leggett, Sr. VP & Chief Supply Chain Officer at La‑Z‑Boy (LZB), had a total of 1,024 shares withheld by the company to cover tax obligations related to equity compensation. The withholdings were 659 shares at $40.95 ($26,986) on 2026-06-26 and 365 shares at $40.95 ($14,947) on 2026-06-28, for a combined value of roughly $41,933. These transactions are reported as tax withholding dispositions (transaction code F) rather than open-market sales.

Key Details

• Transaction dates and prices:
  • 2026-06-26: 659 shares withheld @ $40.95 (reported value $26,986)
  • 2026-06-28: 365 shares withheld @ $40.95 (reported value $14,947)
• Total shares withheld: 1,024; total value: ≈ $41,933.
• Shares owned after transaction: Not specified in the summary provided (see Form 4 for the full "Amount Owned Following Reported Transaction" field).
• Footnote/transaction code: F — payment of exercise price or tax liability (company withheld shares to satisfy tax withholding).
• Filing: Form 4 filed 2026-06-29 reporting transactions on 2026-06-26; this filing date appears to be within the normal reporting window.

Context

• These were tax-withholding dispositions related to equity compensation (commonly occurs after option exercises or vesting). The company retained (disposed of) shares to cover the tax bill rather than the insider selling shares on the open market.
• Such withholdings are routine administrative actions and do not necessarily indicate a change in the insider’s view of the company.