La-Z-Boy (NYSE: LZB) CIO delivers 536 shares to cover tax obligations

Rhea-AI Filing Summary

La-Z-Boy Inc. executive Carol Young reported routine share dispositions tied to taxes, not open-market trading. As VP & Chief Information Officer, she delivered 194 Common Shares on June 28, 2026 and 342 Common Shares on June 26, 2026, both valued at $40.95 per share, to satisfy tax obligations. After these tax-withholding dispositions totaling 536 shares, she directly owns 36,767 Common Shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lee Carol Young

Role VP & Chief Information Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	194	$40.95	$8K
Tax Withholding	Common Shares	342	$40.95	$14K

Holdings After Transaction: Common Shares — 36,767 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares total: 536 shares First tax-withholding block: 342 shares Second tax-withholding block: 194 shares +3 more

6 metrics

Tax-withholding shares total 536 shares Shares delivered for tax obligations across two transactions

First tax-withholding block 342 shares Common Shares delivered on June 26, 2026

Second tax-withholding block 194 shares Common Shares delivered on June 28, 2026

Share value for tax withholding $40.95 per share Value used for both tax-withholding dispositions

Shares held after transactions 36,767 shares Direct La-Z-Boy Common Share ownership after tax withholding

Tax-withholding transactions count 2 transactions Both coded F for payment of tax liability

Key Terms

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

4 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.

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 07:25 PM Accepted by SEC EDGAR 06/29/2026 - 07:25 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^*

Lee Carol Young

(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)
	VP & Chief Information Officer

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		342	D	$40.95	36,961	D
Common Shares	06/28/2026		F		194	D	$40.95	36,767	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	06/29/2026
	** 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 Carol Young?

La-Z-Boy reported that VP & Chief Information Officer Carol Young delivered 536 Common Shares to cover taxes. These tax-withholding dispositions occurred on June 26 and June 28, 2026, and were not open-market purchases or sales of LZB stock.

How many La-Z-Boy (LZB) shares did Carol Young dispose of for tax withholding?

Carol Young disposed of 536 La-Z-Boy Common Shares for tax withholding. The Form 4 shows 342 shares and 194 shares delivered on separate dates, both priced at $40.95 per share, to satisfy tax obligations related to equity compensation.

At what price were Carol Young’s La-Z-Boy (LZB) tax-withholding shares valued?

The tax-withholding shares were valued at $40.95 per La-Z-Boy Common Share. Both transactions listed this price as the value used when 342 shares and 194 shares were delivered to satisfy tax liabilities associated with her equity awards.

How many La-Z-Boy (LZB) shares does Carol Young hold after these transactions?

After the tax-withholding dispositions, Carol Young directly holds 36,767 La-Z-Boy Common Shares. This figure reflects her remaining direct ownership following the delivery of 536 shares to cover tax obligations on her company-related equity compensation.

Were Carol Young’s La-Z-Boy (LZB) transactions open-market sales?

No, the transactions were not open-market sales. The Form 4 uses code F with a description indicating payment of tax liability by delivering securities, meaning shares were withheld or delivered to cover taxes on equity compensation, not sold on the open market.

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

Transaction code F indicates shares delivered to pay an exercise price or tax liability. In this La-Z-Boy filing, it means Carol Young’s 536 shares were used for tax withholding connected to equity compensation, rather than discretionary buying or selling in the market.