La-Z-Boy VP Sells Over $582K in Shares After Option Exercise
LZB sits 38% above its 52-week low of $29.03.
Summary
A La-Z-Boy VP and Chief Compliance Officer sold over $582,000 worth of shares after exercising options, marking a notable insider disposition amidst a period of net insider selling.
Key Events · Ownership and Investor Activity · LZB
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Officer Sells Shares
Richmond Raphaell Z., VP, GC & Chief Compliance Off, sold 13,671 shares in an open market transaction for $544,533.70 on June 29, 2026.
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Option Exercise Precedes Sale
The open market sale followed the exercise of 13,671 options at a strike price of $24.41, valued at $333,709.11.
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Tax Withholding
An additional 925 shares were disposed of for tax withholding, totaling $37,878.75.
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Significant Net Disposition
The total value of shares disposed (open market sale and tax withholding) was $582,412.45, representing a notable reduction in the officer's direct holdings.
Analysis · LZB · Manufacturing
This Form 4 details a significant net disposition of shares by Richmond Raphaell Z., a VP and Chief Compliance Officer. The officer exercised options and subsequently sold 13,671 shares for over $544,000 in an open market transaction, alongside additional shares for tax withholding. This substantial sale by a senior executive, totaling over $582,000, adds to the recent pattern of net insider selling at the company.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LZB was trading at $40.12 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $29.03 to $44.90. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.