LZB Form 4: Director Rebecca O'Grady awarded 3,653 restricted stock units

Rhea-AI Filing Summary

Rebecca L. O'Grady, a director of La-Z-Boy Incorporated (LZB), was granted 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy 2024 Omnibus Incentive Plan. Each RSU equals the economic equivalent of one share of LZB common stock and will be settled in shares within 60 days after the RSUs vest on the one-year anniversary of the award date.

Following the grant, Ms. O'Grady beneficially owns 15,497 shares in total as reported on the Form 4. The grant was reported at a $0 price, consistent with typical equity compensation awards that convert to shares upon vesting.

Positive

• Director alignment with shareholders: RSUs convert to common shares at vesting, incentivizing long-term ownership
• No cash required by reporting person: Award granted at $0 price, typical for equity compensation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant aligns a board member with shareholder interests without immediate cash outlay.

The 3,653 RSU award is a standard form of director compensation intended to promote long-term alignment with shareholders by converting to common shares after a one-year vesting period. Reporting indicates direct ownership of 15,497 shares after the transaction. The $0 reported price reflects that these are compensation awards, not market purchases. This disclosure is routine and not unusual for public company governance practices.

Compensation Analyst

TL;DR: A typical short-term time-based equity award; impact on dilution and expense will be modest absent larger grants.

These RSUs vest in one year and will be settled in stock within 60 days of vesting, meaning the company will record compensation expense over the vesting period and issue shares at settlement. The size of the award (3,653 RSUs) should be evaluated relative to total outstanding shares to assess dilution, but on its face this appears to be a routine, non-performance-based retention award for a director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider O'Grady Rebecca L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	3,653	$0.00	--

Holdings After Transaction: Common Shares — 15,497 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

O'Grady Rebecca L

(Last) (First) (Middle)

ONE LA-Z-BOY DRIVE

(Street)

MONROE MI 48162

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LA-Z-BOY INC [ LZB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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(1)	08/28/2025		A		3,653	A	$0	15,497	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:

1. On August 28, 2025, these restricted stock units were granted under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan, and each restricted stock unit is the economic equivalent of one share of LZB common stock. The restricted stock units will be settled in stock within 60 days following the vesting date, which is the one-year anniversary of the award date.

Remarks:

	/s/ Uzma Ahmad, Attorney-in-Fact	08/29/2025
	** 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.

FAQ

What did Rebecca L. O'Grady report on Form 4 for LZB?

She was granted 3,653 restricted stock units (RSUs) on 08/28/2025, and beneficially owns 15,497 shares following the grant.

When will the RSUs granted to Ms. O'Grady convert into LZB shares?

The RSUs vest one year after the award date and will be settled in stock within 60 days after the vesting date.

Was there any purchase price for the RSUs reported on the Form 4?

The RSUs were reported at a $0 price, consistent with compensation awards rather than an open-market purchase.

Under what plan were the RSUs granted?

The awards were granted under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan.

Does this Form 4 indicate indirect ownership or special arrangements?

The Form 4 reports direct ownership (D) and does not specify an indirect ownership arrangement for these RSUs.