Kurt L. Darrow - Dec 6, 2021 Form 4 Insider Report for LA-Z-BOY INC (LZB)

Role
Director
Signature
Uzma Ahmad, Attorney-in-Fact
Stock symbol
LZB
Transactions as of
Dec 6, 2021
Transactions value $
-$1,997,081
Form type
4
Date filed
12/8/2021, 03:10 PM
Previous filing
Nov 19, 2021
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZB Common Shares Sale -$967K -27.5K -9.27% $35.13 270K Dec 6, 2021 Direct F1, F2
transaction LZB Common Shares Sale -$1.03M -29K -10.76% $35.50 241K Dec 7, 2021 Direct F2, F3
transaction LZB Common Shares Gift $0 -1.59K -0.66% $0.00 239K Nov 29, 2021 Direct
transaction LZB Common Shares Gift $0 -260 -0.11% $0.00 239K Nov 30, 2021 Direct
transaction LZB Common Shares Gift $0 -1.55K -6.01% $0.00 24.3K Nov 29, 2021 by Charitable Lead Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.45, inclusive. The reporting person undertakes to provide issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 and 3.
F2 The sales reported on this line of the Form 4 were effected pursuant to a pre-arranged stock trading plan adopted by the reporting person on July 2, 2021, in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Under the plan, up to 350,000 of the shares of the company's common stock held by the reporting person may be sold in an orderly manner, subject to certain criteria in the plan, including minimum price levels.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.20 to $35.835, inclusive.
F4 The reporting person is the trustee of the trust and holds a remainder interest in the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.