La-Z-Boy (LZB) supply chain chief sells 9,000 shares, holds 47,551

Rhea-AI Filing Summary

LA-Z-BOY INC senior vice president and chief supply chain officer Michael Adam Leggett reported recent transactions in the company’s common shares. He completed an open-market sale of 9,000 shares at a weighted average price of $41.6575 per share, executed in multiple trades between $41.65 and $41.82. A day earlier, 526 shares were disposed of to cover tax obligations, which is a non-market tax-withholding transaction rather than a typical sale. After these movements, he directly holds 47,551 common shares of La-Z-Boy.

Insider Trade Summary

Net Seller: 9,000 shares ($374,918)

Net Sell 2 txns

Insider Leggett Michael Adam

Role Sr VP & Chief Supply Chain Off

Sold 9,000 shs ($375K)

Type	Security	Shares	Price	Value
Sale	Common Shares	9,000	$41.6575	$375K
Tax Withholding	Common Shares	526	$40.30	$21K

Holdings After Transaction: Common Shares — 47,551 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Open-market sale: 9,000 shares Sale price: $41.6575 per share Tax-withholding shares: 526 shares +4 more

7 metrics

Open-market sale 9,000 shares Common shares sold in open market on June 24, 2026

Sale price $41.6575 per share Weighted average sale price, range $41.65–$41.82

Tax-withholding shares 526 shares Tax-withholding disposition on June 23, 2026

Tax-withholding price $40.30 per share Share value used for tax-withholding disposition

Shares after sale 47,551 shares Direct holdings following June 24, 2026 sale

Shares after tax withholding 56,551 shares Direct holdings following June 23, 2026 tax withholding

Net open-market activity -9,000 shares Net buy/sell shares in period (net-sell)

Key Terms

open-market sale, tax-withholding disposition, weighted average price, common shares

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

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.

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

common shares financial

"security_title": "Common Shares""

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 04:28 PM Accepted by SEC EDGAR 06/25/2026 - 04:28 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^*

Leggett Michael Adam

(Last) (First) (Middle)

ONE 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)
	Sr VP & Chief Supply Chain Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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	06/23/2026		F		526	D	$40.3	56,551	D
Common Shares	06/24/2026		S		9,000	D	$41.6575(1)	47,551	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.65 to $41.82, inclusive. The reporting person undertakes to provide the 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 range set forth herein.

Remarks:

	/s/ Uzma Ahmad, Attorney-in-Fact	06/25/2026
	** 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)

FAQ

What insider transactions did La-Z-Boy (LZB) report for Michael Adam Leggett?

La-Z-Boy senior executive Michael Adam Leggett reported selling 9,000 common shares in an open-market transaction and a separate 526-share tax-withholding disposition. These moves adjusted his direct holdings but left him with a substantial remaining position in company stock.

At what price did the La-Z-Boy (LZB) executive sell 9,000 shares?

The 9,000 La-Z-Boy common shares were sold at a weighted average price of $41.6575 per share. The filing notes multiple trades occurred in a price range between $41.65 and $41.82, reflecting typical execution across several market transactions.

How many La-Z-Boy (LZB) shares does Michael Adam Leggett hold after these transactions?

Following the reported transactions, Michael Adam Leggett directly holds 47,551 La-Z-Boy common shares. This figure reflects the impact of both the 9,000-share open-market sale and the 526-share tax-withholding disposition disclosed in the Form 4 filing.

What is the 526-share transaction reported for La-Z-Boy (LZB) insider Michael Adam Leggett?

The 526-share movement is a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax obligations on equity compensation, a routine mechanism where the issuer withholds shares instead of the insider paying taxes in cash.

What role does Michael Adam Leggett hold at La-Z-Boy (LZB) in this Form 4 filing?

Michael Adam Leggett is identified as Senior Vice President and Chief Supply Chain Officer of La-Z-Boy. His position as a senior officer makes these equity transactions reportable, providing visibility into changes in his direct ownership of company common shares.