La-Z-Boy (LZB) executive uses 1,024 shares to cover equity award taxes

Rhea-AI Filing Summary

LA-Z-BOY INC senior vice president and Chief Supply Chain Officer Michael Adam Leggett reported share dispositions that were used to cover tax obligations on equity compensation. On June 26, 659 Common Shares were withheld at $40.95 per share, followed by 365 shares on June 28 at the same price, for a total of 1,024 shares. After these tax-withholding transactions, he directly owns 46,018 Common Shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Leggett Michael Adam

Role Sr VP & Chief Supply Chain Off

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	365	$40.95	$15K
Tax Withholding	Common Shares	659	$40.95	$27K

Holdings After Transaction: Common Shares — 46,018 shares (Direct, null)

Footnotes (1)

Key Figures

Tax-withheld shares total: 1,024 shares Tax-withholding price: $40.95 per share Post-transaction holdings: 46,018 shares +2 more

5 metrics

Tax-withheld shares total 1,024 shares Common Shares delivered to satisfy tax liabilities

Tax-withholding price $40.95 per share Value used for both June 26 and June 28 transactions

Post-transaction holdings 46,018 shares Common Shares directly owned after June 28 disposition

June 26 tax-withheld shares 659 shares Common Shares delivered for tax liability at $40.95

June 28 tax-withheld shares 365 shares Common Shares delivered for tax liability at $40.95

Key Terms

tax-withholding disposition, Common Shares, transaction code F, equity compensation

4 terms

tax-withholding disposition financial

"reported share dispositions that were used to cover tax obligations on equity compensation"

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.

Common Shares financial

"659 Common Shares were withheld at $40.95 per share, followed by 365 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.

transaction code F regulatory

"These were coded as tax-withholding dispositions, not open-market sales"

equity compensation financial

"cover tax obligations on equity compensation"

Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 07:28 PM Accepted by SEC EDGAR 06/29/2026 - 07:27 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^*

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)
06/26/2026

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		659	D	$40.95	46,383	D
Common Shares	06/28/2026		F		365	D	$40.95	46,018	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 Michael Adam Leggett?

La-Z-Boy reported that executive Michael Adam Leggett had Common Shares withheld to cover tax obligations on equity compensation. These were coded as tax-withholding dispositions, not open-market sales, and reflect administrative handling of taxes rather than discretionary trading activity.

How many La-Z-Boy (LZB) shares were withheld for taxes in this Form 4?

A total of 1,024 La-Z-Boy Common Shares were withheld to satisfy tax liabilities. This consisted of 659 shares on June 26 and 365 shares on June 28, all at a price of $40.95 per share, according to the reported transactions.

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

Each withheld La-Z-Boy Common Share was valued at $40.95 for tax-withholding purposes. Both the June 26 and June 28 transactions used this same price per share when shares were delivered to satisfy the executive’s tax obligations.

How many La-Z-Boy (LZB) shares does Michael Adam Leggett hold after these transactions?

Following the reported tax-withholding dispositions, Michael Adam Leggett directly owns 46,018 La-Z-Boy Common Shares. This post-transaction holding figure reflects his remaining direct ownership after the shares were delivered to cover tax liabilities associated with equity awards.

Were the La-Z-Boy (LZB) insider transactions open-market sales or tax withholding?

The transactions were tax-withholding dispositions, not open-market sales. They are coded with transaction code F, meaning shares were delivered to pay an exercise price or tax liability, which is a routine administrative event tied to equity compensation.