LA-Z-BOY executive reports small tax share disposition

LA-Z-BOY INC executive Raphaell Z. Richmond, VP, General Counsel and Chief Compliance Officer, reported a small tax-related share disposition.

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Form Type

Rhea-AI Filing Summary

LA-Z-BOY INC executive Raphaell Z. Richmond, VP, General Counsel and Chief Compliance Officer, reported a small tax-related share disposition. On June 24, 2026, 474 common shares were used to satisfy tax obligations at a value of $41.85 per share. After this tax-withholding disposition, Richmond directly holds 52,620 common shares, indicating this was a routine administrative transaction rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 474 shares

Exercise Price or Tax Liability 1 txn

Insider Richmond Raphaell Z.

Role VP, GC & Chief Compliance Off

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	474	$41.85	$20K

Holdings After Transaction: Common Shares — 52,620 shares (Direct)

Key Figures

Tax-withheld shares: 474 shares Per-share value: $41.85 per share Shares held after transaction: 52,620 shares

3 metrics

Tax-withheld shares 474 shares Common Shares used for tax-withholding disposition on June 24, 2026

Per-share value $41.85 per share Value used for the 474-share tax-withholding disposition

Shares held after transaction 52,620 shares Total common shares directly owned by Richmond after disposition

Key Terms

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

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.

Payment of exercise price or tax liability by delivering securities financial

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

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.

FAQ

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

What insider transaction did LA-Z-BOY (LZB) report for Raphaell Z. Richmond?

LA-Z-BOY reported that executive Raphaell Z. Richmond had 474 common shares used to cover tax obligations. This tax-withholding disposition was valued at $41.85 per share and reflects an administrative event, not an open-market purchase or sale of stock.

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

The Form 4 shows 474 common shares were disposed of to satisfy tax liabilities. These shares were valued at $41.85 each, and the transaction is classified as a tax-withholding disposition rather than a market trade by the reporting executive.

What is Raphaell Z. Richmond’s shareholding in LA-Z-BOY (LZB) after the transaction?

Following the tax-withholding disposition, Raphaell Z. Richmond directly holds 52,620 LA-Z-BOY common shares. This remaining position indicates the transaction affected only a small portion of his holdings and was administrative in nature, tied to tax obligations.

Was the LA-Z-BOY (LZB) insider transaction an open-market sale?

No, the transaction was not an open-market sale. It is coded as a tax-withholding disposition, meaning 474 shares were delivered to cover tax liabilities at $41.85 per share, rather than being sold by the insider on the open market.

What role does Raphaell Z. Richmond hold at LA-Z-BOY (LZB)?

Raphaell Z. Richmond serves as Vice President, General Counsel and Chief Compliance Officer at LA-Z-BOY. The reported Form 4 reflects his administrative tax-withholding share disposition and confirms his remaining direct ownership of 52,620 common shares in the company.

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

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Accepted by SEC EDGAR 06/26/2026 - 04:23 PM EDT

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^*

Richmond Raphaell Z.

(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)
	VP, GC & Chief Compliance Off

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/24/2026		F		474	D	$41.85	52,620	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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)

Source: View Original Filing on SEC EDGAR