La-Z-Boy insider files Form 144 to sell 3,372 vested RSUs on NYSE

Rhea-AI Filing Summary

La-Z-Boy Incorporated (LZB) Form 144 shows a proposed sale of 3,372 common shares held by an insider following RSU vesting. The filing reports an aggregate market value of $118,936.79 based on the sale amount and lists the total shares outstanding as 41,207,237. The securities were acquired by RSU vesting on 08/29/2025 and the filer indicates an approximate sale date of 09/08/2025 through Wells Fargo Clearing Services on the NYSE. No other sales in the past three months are reported and the filing includes the standard insider representation about material nonpublic information.

Positive

• Complete disclosure of acquisition date, nature (RSU vesting), broker, and proposed sale date
• Small transaction size relative to total shares outstanding (3,372 vs 41,207,237)

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice for vested RSUs: small position relative to shares outstanding, likely administrative selling.

The Form 144 documents a proposed sale of 3,372 common shares arising from RSU vesting on 08/29/2025 with an indicated aggregate market value of $118,936.79 and an approximate sale date of 09/08/2025 via Wells Fargo on the NYSE. Compared with the reported 41,207,237 shares outstanding, the block represents a very small percentage of the float and appears administrative rather than a material dilution or large insider exit. No sales in the prior three months are reported, and the filing contains the standard attestation regarding material nonpublic information.

Corporate Governance Specialist

TL;DR: Compliance-focused disclosure: Form 144 aligns with Rule 144 requirements for RSU-derived shares.

The notice provides required disclosure for sale of securities following RSU vesting, listing acquisition date, nature of acquisition (RSU vesting), amount (3,372 shares), and payment details. The filing includes broker information and the attestation that the seller is unaware of undisclosed material adverse information. From a governance perspective, the form appears complete for a routine sale; it does not indicate any unusual transaction structure or related-party transfer.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	3372	118936.79	41207237	09/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/29/2025	RSU vesting	Issuer			3372	08/29/2025	n/a

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does La-Z-Boy's (LZB) Form 144 report?

The form reports a proposed sale of 3,372 common shares from RSU vesting, with an aggregate market value of $118,936.79, and an approximate sale date of 09/08/2025.

When were the shares acquired that are being sold in the Form 144?

The shares were acquired by RSU vesting on 08/29/2025 and payment is recorded as 08/29/2025.

Through which broker is the LZB insider planning to sell the shares?

The filing lists Wells Fargo Clearing Services (1 N. Jefferson Ave., St. Louis, MO) as the broker.

Does the filing show other insider sales in the past three months?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months.

How material is the proposed sale relative to La-Z-Boy's outstanding shares?

The proposed sale of 3,372 shares is a very small fraction of the reported 41,207,237 shares outstanding, indicating limited market impact.