LA-Z-BOY (LZB) VP & CIO Lee Young Withholds 262 Shares for Taxes

What Happened

• Lee Carol Young, Vice President and Chief Information Officer of LA-Z-BOY Inc. (LZB), had 262 shares disposed to satisfy a tax or exercise obligation (transaction code F). The shares were valued at $41.85 each, for a total of $10,965. This is a withholding/tax payment rather than an open-market sale.

Key Details

• Transaction date: 2026-06-24; Filing date: 2026-06-26 (appears timely).
• Price per share: $41.85; Total value of shares withheld: $10,965.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code F indicates payment of exercise price or tax liability (commonly used when shares from option exercises or vested awards are withheld to cover taxes).
• No 10b5-1 plan or other special plan was disclosed in the provided data.

Context

• This type of transaction typically reflects tax withholding or exercise-related settlement (e.g., shares withheld when options are exercised or RSUs vest) and is generally considered routine administrative activity rather than a market signal of insider sentiment.