LA-Z-BOY (LZB) executive uses 482 shares to cover tax liability

Rhea-AI Filing Summary

LA-Z-BOY INC executive Terrence James Linz, President, Wholesale Brands, reported a small share disposition tied to tax obligations. On a Form 4, he had 482 Common Shares withheld at a price of $41.85 per share to satisfy taxes, a non-market, administrative transaction. After this event, he directly held 67,839 Common Shares, indicating he retains essentially his full equity position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Linz Terrence James

Role President, Wholesale Brands

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	482	$41.85	$20K

Holdings After Transaction: Common Shares — 67,839 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withheld shares: 482 shares Tax reference price: $41.85 per share Shares held after transaction: 67,839 shares

3 metrics

Tax-withheld shares 482 shares Common Shares delivered to satisfy tax liability

Tax reference price $41.85 per share Price used for 482-share tax-withholding disposition

Shares held after transaction 67,839 shares Direct LA-Z-BOY Common Shares held by Terrence James Linz after disposition

Key Terms

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

3 terms

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): {"

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: "Payment of exercise price or tax liability by delivering securities""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 04:34 PM Accepted by SEC EDGAR 06/26/2026 - 04:33 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)
06/24/2026

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		482	D	$41.85	67,839	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)

FAQ

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

LA-Z-BOY reported that executive Terrence James Linz had 482 Common Shares withheld to cover tax obligations. The Form 4 classifies this as a tax-withholding disposition, not an open-market sale or purchase, and it reflects routine compensation-related share handling.

How many LA-Z-BOY (LZB) shares were involved in the latest Form 4?

The Form 4 shows 482 Common Shares were used to satisfy tax liabilities at a price of $41.85 per share. This is recorded as a tax-withholding disposition, meaning the shares were delivered for taxes rather than sold on the open market.

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

Following the tax-withholding disposition of 482 shares, Terrence James Linz directly holds 67,839 Common Shares. This figure, reported in the Form 4, shows he maintains a substantial ongoing equity stake in LA-Z-BOY after the routine tax-related adjustment.

Was the LA-Z-BOY (LZB) insider transaction a market sale or a tax withholding?

The transaction was a tax withholding, not a market sale. The Form 4 uses code F and describes it as payment of a tax liability by delivering securities, indicating the shares were applied against taxes rather than sold on an exchange.

Who is the LA-Z-BOY (LZB) insider involved in this Form 4 filing?

The insider is Terrence James Linz, who serves as President, Wholesale Brands at LA-Z-BOY INC. His Form 4 reports a small tax-withholding disposition of Common Shares while confirming continued direct ownership of tens of thousands of company shares.