La-Z-Boy executive granted shares; taxes withheld

LA-Z-BOY INC senior vice president and Chief Supply Chain Officer Michael Adam Leggett reported a series of share-based compensation transactions in Common Shares.

Rhea-AI Filing Summary

LA-Z-BOY INC senior vice president and Chief Supply Chain Officer Michael Adam Leggett reported a series of share-based compensation transactions in Common Shares. On June 22, 2026, he received multiple stock grants at no cost, including an award of 7,502 shares.

On the same date, the company withheld shares to cover tax obligations, disposing of a total of 3,011 shares at $39.99 per share through several tax-withholding dispositions. Overall, Leggett acquired more shares through grants than were withheld for taxes, so his direct ownership position increased.

Insider Trade Summary

9 transactions reported

Mixed 9 txns

Insider Leggett Michael Adam

Role Sr VP & Chief Supply Chain Off

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	7,502	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	387	$39.99	$15K
Exercise Price or Tax Liability	Common Shares	597	$39.99	$24K
Grant/Award	Common Shares	1,889	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	538	$39.99	$22K
Grant/Award	Common Shares	5,235	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	1,489	$39.99	$60K
Grant/Award	Common Shares	1,538	$0.00	$0.00
Grant/Award	Common Shares	1,451	$0.00	$0.00

Holdings After Transaction: Common Shares — 57,077 shares (Direct)

Key Figures

Tax-withheld shares: 3,011 shares Tax-withholding price: $39.99 per share Largest single grant: 7,502 shares +2 more

5 metrics

Tax-withheld shares 3,011 shares Total F-code tax-withholding dispositions on June 22, 2026

Tax-withholding price $39.99 per share Price for F-code tax-withholding dispositions

Largest single grant 7,502 shares Common Shares grant on June 22, 2026

Grant transactions 5 acquisitions A-code grant/award acquisitions of Common Shares

Tax-withholding transactions 4 dispositions F-code tax-withholding dispositions of Common Shares

Key Terms

tax-withholding disposition, grant/award acquisition, Common Shares, Form 4

4 terms

tax-withholding disposition financial

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

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.

grant/award acquisition financial

"Grant, award, or other acquisition"

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.

FAQ

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

What insider transactions did LZB executive Michael Adam Leggett report?

Michael Adam Leggett reported multiple transactions in La-Z-Boy common shares. These included several stock grants received at no cost and share dispositions solely to cover tax obligations through share withholding, rather than open-market purchases or sales.

Were Michael Adam Leggett’s LZB share transactions open-market buys or sells?

The transactions were not open-market trades. They were coded as grants or awards (A) and tax-withholding dispositions (F), meaning the shares were issued as compensation and some were withheld by the company to pay taxes, not bought or sold on the market.

How many La-Z-Boy shares were withheld for Michael Adam Leggett’s taxes?

A total of 3,011 La-Z-Boy common shares were withheld to satisfy tax obligations. These tax-withholding dispositions occurred at a transaction price of $39.99 per share and are reported as code F transactions rather than discretionary sales.

Did Michael Adam Leggett’s overall LZB ownership increase from these transactions?

Yes. Michael Adam Leggett received more shares through compensation grants than were withheld for taxes. The Form 4 shows five grant or award acquisitions and four tax-withholding dispositions, resulting in a net increase in his directly owned La-Z-Boy common shares.

What is the largest single stock grant reported for Michael Adam Leggett at LZB?

The largest single grant reported is 7,502 La-Z-Boy common shares. This grant was recorded at a price of $0.00 per share, reflecting its nature as a share-based compensation award rather than an open-market purchase.

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

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Accepted by SEC EDGAR 06/24/2026 - 06:54 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^*

Leggett Michael Adam

(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)
	Sr VP & Chief Supply Chain Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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	06/22/2026		A		7,502	A	$0	49,975	D
Common Shares	06/22/2026		F		387	D	$39.99	49,588	D
Common Shares	06/22/2026		F		597	D	$39.99	48,991	D
Common Shares	06/22/2026		A		1,889	A	$0	50,880	D
Common Shares	06/22/2026		F		538	D	$39.99	50,342	D
Common Shares	06/22/2026		A		5,235	A	$0	55,577	D
Common Shares	06/22/2026		F		1,489	D	$39.99	54,088	D
Common Shares	06/22/2026		A		1,538	A	$0	55,626	D
Common Shares	06/22/2026		A		1,451	A	$0	57,077	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	06/24/2026
	** 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)