La-Z-Boy CIO reports tax share withholding

Q: What insider transaction did La-Z-Boy (LZB) executive Carol Young report?

La-Z-Boy VP & CIO Carol Young reported a Form 4 showing a tax-withholding disposition of 122 common shares at $39.93 per share, used to satisfy tax obligations rather than representing an open-market sale.

Q: How many La-Z-Boy (LZB) shares were involved in Carol Young’s Form 4?

The Form 4 reports 122 La-Z-Boy common shares disposed of in a tax-withholding transaction. These shares were delivered to cover tax liabilities associated with equity compensation, not sold on the open market.

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

The 122 common shares in the tax-withholding disposition were valued at $39.93 per share. This value is used to determine the tax payment amount when shares are delivered instead of cash.

Q: Was Carol Young’s La-Z-Boy (LZB) Form 4 an open-market sale?

No. The Form 4 describes a tax-withholding disposition, classified as “Payment of exercise price or tax liability by delivering securities,” meaning the shares were used to cover taxes, not sold in the open market.

Q: What is Carol Young’s role at La-Z-Boy (LZB) mentioned in the Form 4?

The filing identifies Carol Young as VP & Chief Information Officer of La-Z-Boy Inc. The reported transaction reflects equity compensation-related tax withholding associated with her executive position.

La-Z-Boy Inc. VP & Chief Information Officer Carol Young reported a Form 4 showing a tax-withholding disposition of 122 common shares at $39.93 per share to satisfy tax obligations.

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Form Type

Rhea-AI Filing Summary

La-Z-Boy Inc. VP & Chief Information Officer Carol Young reported a Form 4 showing a tax-withholding disposition of 122 common shares at $39.93 per share to satisfy tax obligations. This was not an open-market sale, and Young continues to hold 36,645 common shares directly.

Insider Trade Summary

Exercise Price or Tax Liability: 122 shares

Exercise Price or Tax Liability 1 txn

Insider Lee Carol Young

Role VP & Chief Information Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	122	$39.93	$5K

Holdings After Transaction: Common Shares — 36,645 shares (Direct)

Key Figures

Shares disposed for taxes: 122 common shares Transaction price per share: $39.93 Shares held after transaction: 36,645 common shares

3 metrics

Shares disposed for taxes 122 common shares Tax-withholding disposition on 2026-07-15

Transaction price per share $39.93 Per-share value for tax-withholding disposition

Shares held after transaction 36,645 common shares Direct holdings following tax-withholding disposition

Key Terms

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

3 terms

tax-withholding disposition financial

"Transaction action classified as 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"

exercise price financial

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

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

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

What insider transaction did La-Z-Boy (LZB) executive Carol Young report?

La-Z-Boy VP & CIO Carol Young reported a Form 4 showing a tax-withholding disposition of 122 common shares at $39.93 per share, used to satisfy tax obligations rather than representing an open-market sale.

How many La-Z-Boy (LZB) shares were involved in Carol Young’s Form 4?

The Form 4 reports 122 La-Z-Boy common shares disposed of in a tax-withholding transaction. These shares were delivered to cover tax liabilities associated with equity compensation, not sold on the open market.

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

The 122 common shares in the tax-withholding disposition were valued at $39.93 per share. This value is used to determine the tax payment amount when shares are delivered instead of cash.

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

Following the tax-withholding disposition, Carol Young directly holds 36,645 La-Z-Boy common shares. This post-transaction balance reflects her remaining direct equity stake after 122 shares were delivered for taxes.

Was Carol Young’s La-Z-Boy (LZB) Form 4 an open-market sale?

No. The Form 4 describes a tax-withholding disposition, classified as “Payment of exercise price or tax liability by delivering securities,” meaning the shares were used to cover taxes, not sold in the open market.

What is Carol Young’s role at La-Z-Boy (LZB) mentioned in the Form 4?

The filing identifies Carol Young as VP & Chief Information Officer of La-Z-Boy Inc. The reported transaction reflects equity compensation-related tax withholding associated with her executive position.

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

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Accepted by SEC EDGAR 07/16/2026 - 05:02 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^*

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)
07/15/2026

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	07/15/2026		F		122	D	$39.93	36,645	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	07/16/2026
	** 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