LA-Z-BOY (LZB) executive reports 956-share tax-withholding transaction

Rhea-AI Filing Summary

LA-Z-BOY INC executive Terrence James Linz, President of Wholesale Brands, reported two tax-related share dispositions under Form 4. On June 26 and June 28, a total of 956 Common Shares were delivered at $40.95 per share to cover tax obligations.

These transactions are coded "F" for tax-withholding disposition, meaning the shares were withheld to satisfy exercise price or tax liabilities, not sold in open-market trades. After these events, Linz directly holds 66,883 Common Shares, so the withheld amount represents a small portion of his position.

Insights

Insider transactions analyst

Routine tax withholding, not an open-market sale.

The Form 4 shows Terrence James Linz had 956 LA-Z-BOY Common Shares withheld as a tax-withholding disposition at $40.95 per share, split between two dates. Code F indicates shares were delivered for taxes rather than sold on the market.

After these transactions, Linz directly holds 66,883 Common Shares, so the withheld shares are a small fraction of his reported holdings. With no open-market buying or selling and no derivative exercises, this appears to be routine equity compensation tax handling rather than a signal-driven trade.

Insider Trade Summary

Net Seller: 956 shares

Net Sell 2 txns

Insider Linz Terrence James

Role President, Wholesale Brands

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	295	$40.95	$12K
Exercise Price or Tax Liability	Common Shares	661	$40.95	$27K

Holdings After Transaction: Common Shares — 66,883 shares (Direct)

Key Figures

Tax-withholding shares (June 26): 661 shares Tax-withholding shares (June 28): 295 shares Total tax-withholding shares: 956 shares +2 more

5 metrics

Tax-withholding shares (June 26) 661 shares Code F disposition at $40.95 per share

Tax-withholding shares (June 28) 295 shares Code F disposition at $40.95 per share

Total tax-withholding shares 956 shares Two Form 4 code F transactions

Price per share $40.95 per share Value used for tax-withholding dispositions

Shares held after June 28 transaction 66,883 shares Direct Common Shares following latest disposition

Key Terms

tax-withholding disposition, Common Shares, transaction code F, Form 4

4 terms

tax-withholding disposition financial

"transactions are coded "F" for tax-withholding disposition, meaning the shares were withheld"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Shares financial

"a total of 956 Common Shares were delivered at $40.95 per share"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

transaction code F financial

"Both entries are coded F, meaning tax-withholding dispositions"

Form 4 regulatory

"The Form 4 shows a total of 956 Common Shares used for tax-withholding"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transactions did LA-Z-BOY (LZB) report for Terrence James Linz?

LA-Z-BOY reported that executive Terrence James Linz had 956 Common Shares withheld as tax payments. Two Form 4 transactions, both coded F, show shares delivered at $40.95 each to satisfy exercise price or tax liabilities, rather than open-market sales.

Were the recent LA-Z-BOY (LZB) insider transactions open-market sales?

No, the transactions were not open-market sales. Both entries are coded F, meaning tax-withholding dispositions. Shares were delivered to cover exercise price or tax liabilities at $40.95 per share, which is different from discretionary selling on a stock exchange.

How many LA-Z-BOY (LZB) shares were involved in Terrence James Linz’s Form 4 filing?

The Form 4 shows a total of 956 Common Shares used for tax-withholding. One transaction involved 661 shares and another 295 shares, each at $40.95 per share, to satisfy tax-related obligations tied to equity compensation.

How many LA-Z-BOY (LZB) shares does Terrence James Linz hold after the tax-withholding transactions?

After the reported tax-withholding dispositions, Terrence James Linz directly holds 66,883 LA-Z-BOY Common Shares. This indicates the 956 withheld shares are a relatively small portion of his overall direct equity position in the company.

What does transaction code F mean in the LA-Z-BOY (LZB) Form 4 filing?

Transaction code F indicates a tax-withholding disposition. In this LA-Z-BOY Form 4, it shows shares were delivered to pay the exercise price or satisfy tax liabilities related to equity awards, instead of being voluntarily sold on the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 05:27 PM Accepted by SEC EDGAR 06/30/2026 - 05:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Linz Terrence James

(Last) (First) (Middle)

1 LA-Z-BOY DRIVE

(Street)

MONROE MICHIGAN 48162

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LA-Z-BOY INC [ LZB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Wholesale Brands

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/26/2026		F		661	D	$40.95	67,178	D
Common Shares	06/28/2026		F		295	D	$40.95	66,883	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Uzma Ahmad, Attorney-in-Fact	06/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)