La-Z-Boy retail chief uses shares for tax payment

LA-Z-BOY INC President, Retail Robert Sundy II reported a tax-related share disposition.

Rhea-AI Filing Summary

LA-Z-BOY INC President, Retail Robert Sundy II reported a tax-related share disposition. On this Form 4, 497 Common Shares were delivered at $41.85 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale. After this transaction, he directly holds 65,276 Common Shares.

Insider Trade Summary

Exercise Price or Tax Liability: 497 shares

Exercise Price or Tax Liability 1 txn

Insider Sundy Robert II

Role President, Retail

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	497	$41.85	$21K

Holdings After Transaction: Common Shares — 65,276 shares (Direct)

Key Figures

Tax-withholding shares: 497 shares Share value: $41.85 per share Shares held after: 65,276 shares +1 more

4 metrics

Tax-withholding shares 497 shares Common Shares delivered for tax liability

Share value $41.85 per share Value used for tax-withholding disposition

Shares held after 65,276 shares Direct Common Shares post-transaction

Tax-withholding count 1 transaction, 497 shares Form 4 transactionSummary for code F

Key Terms

tax-withholding disposition, Common Shares, Form 4, Payment of exercise price or tax liability by delivering securities

4 terms

tax-withholding disposition financial

"classified as a tax-withholding disposition rather than an open-market sale"

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

"497 Common Shares were delivered at $41.85 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.

Form 4 regulatory

"On this Form 4, 497 Common Shares were delivered"

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.

Payment of exercise price or tax liability by delivering securities financial

"transaction code description notes Payment of exercise price or tax liability by delivering securities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did La-Z-Boy (LZB) executive Robert Sundy II report on this Form 4?

Robert Sundy II reported a tax-withholding disposition of La-Z-Boy Common Shares. The transaction reflects shares delivered to satisfy tax obligations, not an open-market purchase or sale of stock by the executive.

How many La-Z-Boy (LZB) shares were used for tax withholding by Robert Sundy II?

The filing shows 497 Common Shares were delivered for tax withholding. These shares were valued at $41.85 per share, covering tax liabilities related to an equity event, according to the Form 4 transaction details.

What is Robert Sundy II’s La-Z-Boy (LZB) share ownership after this transaction?

After the tax-withholding disposition, Robert Sundy II directly holds 65,276 Common Shares of La-Z-Boy. This post-transaction balance is disclosed in the Form 4, providing context for the scale of the tax-related share delivery.

What does the transaction code “F” mean in this La-Z-Boy (LZB) Form 4?

Code “F” indicates a payment of exercise price or tax liability by delivering securities. Here, it reflects shares used to satisfy tax obligations, classed as a tax-withholding disposition rather than a discretionary market trade.

Was this La-Z-Boy (LZB) Form 4 a buy or sell by Robert Sundy II?

The Form 4 records a tax-withholding disposition, not a standard buy or sell. Shares were disposed of to cover tax liabilities, and the filing does not show any open-market purchases or sales by the executive in this transaction.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/26/2026 - 04:26 PM EDT 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^*

Sundy Robert II

(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, Retail

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

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	06/24/2026		F		497	D	$41.85	65,276	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	06/26/2026
	** 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)