La-Z-Boy Director Sells Shares Under Rule 10b5-1 Plan
Janet Kerr, a director of La-Z-Boy Incorporated (NYSE:LZB), sold 3,653 shares for approximately $116,000 on September 8, 2026. The transaction was conducted under a Rule 10b5-1 trading plan established in March 2026 to ensure compliance with insider trading regulations. Following the sale, Kerr retained ownership of 4,125 shares, representing about 0.0103% of La-Z-Boy's total outstanding shares. The execution price was slightly above the closing market value on that day ($31.75 vs $31.67). Analysts suggest this transaction should not raise concerns for investors due to its pre-planned nature and timing. La-Z-Boy, a furniture manufacturer with a market cap of approximately $1.3 billion, operates in both wholesale and retail markets across North America and internationally.
Tickers: $LZB
Topics: insider trading SEC filing share sale