Janet Kerr - Sep 5, 2024 Form 4 Insider Report for LA-Z-BOY INC (LZB)

Role
Director
Signature
/s/ Uzma Ahmad, Attorney-in-Fact
Stock symbol
LZB
Transactions as of
Sep 5, 2024
Transactions value $
-$159,051
Form type
4
Date filed
9/6/2024, 04:21 PM
Previous filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LZB Common Shares Sale -$159K -3.89K -53.57% $40.89 3.37K Sep 5, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this line of the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 22, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.58 to $40.95, 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 this footnote.