LA-Z-BOY (LZB) VP Carol Young delivers shares to cover tax liability

Rhea-AI Filing Summary

LA-Z-BOY INC executive Carol Young, the VP & Chief Information Officer, reported a routine tax-related share disposition. On June 23, 2026, 344 Common Shares were delivered at $40.30 per share to cover a tax liability by delivering securities. After this non-derivative tax-withholding transaction, Young directly held 37,565 Common Shares, indicating the filing reflects a small, mechanical adjustment rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee Carol Young

Role VP & Chief Information Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	344	$40.30	$14K

Holdings After Transaction: Common Shares — 37,565 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withholding shares: 344 Common Shares Tax-withholding price: $40.30 per share Shares held after transaction: 37,565 Common Shares

3 metrics

Tax-withholding shares 344 Common Shares Delivered on June 23, 2026 to cover tax liability

Tax-withholding price $40.30 per share Value applied to the 344 Common Shares delivered

Shares held after transaction 37,565 Common Shares Direct holdings following the tax-withholding disposition

Key Terms

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

4 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 344 Common Shares"

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" in the reported transaction"

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.

non-derivative financial

"transaction_type: "non-derivative" for the Common Shares disposition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/25/2026 - 04:21 PM Accepted by SEC EDGAR 06/25/2026 - 04:20 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)
06/23/2026

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		344	D	$40.3	37,565	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	06/25/2026
	** 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 transaction did LA-Z-BOY (LZB) executive Carol Young report?

Carol Young reported a small, tax-related share disposition. On June 23, 2026, 344 Common Shares were delivered at $40.30 per share to satisfy a tax liability by delivering securities, rather than through an open-market sale.

Was the LA-Z-BOY (LZB) Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 344 Common Shares were delivered to cover a tax liability by delivering securities, a routine administrative event rather than a discretionary market trade.

How many LA-Z-BOY (LZB) shares does Carol Young hold after this filing?

After the reported transaction, Carol Young holds 37,565 Common Shares directly. The Form 4 shows this post-transaction balance following the delivery of 344 shares to satisfy a tax obligation using company stock.

What price per share was used in Carol Young’s LA-Z-BOY (LZB) tax-withholding?

The tax-withholding disposition used a price of $40.30 per Common Share. This price is disclosed in the Form 4 as the value applied when 344 shares were delivered to cover the tax liability using shares.

What does transaction code "F" mean in the LA-Z-BOY (LZB) Form 4?

Transaction code “F” indicates payment of a tax liability or exercise price by delivering securities. In this Form 4, 344 Common Shares were delivered as a tax-withholding disposition, rather than being sold on the open market.