LA-Z-BOY (LZB) VP Lee Carol Young Withholds 122 Shares for Taxes

What Happened Lee Carol Young, Vice President and Chief Information Officer of LA-Z-BOY (LZB), had 122 shares withheld to satisfy a tax obligation related to an equity award or option exercise. The shares were recorded as disposed at $39.93 per share, for a total value of approximately $4,871. This disposal is a tax withholding (transaction code F) rather than an open-market sale.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-16 (appears timely).
• Price: $39.93 per share; Shares withheld/disposed: 122; Total value ≈ $4,871.
• Transaction code: F — payment of exercise price or tax liability by withholding shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: not marked late; reported the next day.

Context Withholding shares to cover taxes is a routine administrative transaction when options are exercised or restricted shares vest. It reduces the insider's share count but is not an open-market sale and does not necessarily signal buying or selling intent. Retail investors typically view purchases as more informative about insider sentiment; tax withholdings are common and primarily administrative.