LZB director receives 3,653 restricted stock units under 2024 plan

Rhea-AI Filing Summary

La-Z-Boy director Erika L. Alexander received 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan. Each RSU is the economic equivalent of one share of LZB common stock and will be settled in stock within 60 days after vesting, which occurs on the one-year anniversary of the award date. The reported transaction shows a price of $0 and, after the grant, the reporting person beneficially owns 15,497 common shares. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 08/29/2025.

Positive

• Director awarded 3,653 RSUs under the companys 2024 Omnibus Incentive Plan, increasing alignment with shareholders
• RSUs settle in stock within 60 days after vesting, providing direct equity ownership upon vesting

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity award aligns leadership with shareholders and is disclosed per Section 16 reporting requirements.

The filing documents a standard restricted stock unit grant to a director under the company's 2024 Omnibus Incentive Plan. The RSUs are economically equivalent to common shares and will convert to stock within 60 days after vesting on the one-year anniversary, which is customary for time-based awards. The transaction was reported with a $0 price, reflecting a grant rather than a purchase. Disclosure was timely and filed by one reporting person, with an attorney-in-fact signature on 08/29/2025.

Compensation Analyst

TL;DR: The award increases the director's stake and ties compensation to share performance over a one-year vesting period.

The grant of 3,653 RSUs represents additional equity-based compensation that vests after one year and settles in common stock within 60 days of vesting. Because each RSU equals one share, the award will increase the director's direct ownership upon settlement; the filing reports 15,497 shares beneficially owned after the grant. The structure—time-based RSUs with settlement in stock—is a common mechanism to promote retention and alignment without immediate cash payout.

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^*

Alexander Erika L.

(Last) (First) (Middle)

1 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 La-Z-Boy director Erika L. Alexander receive on 08/28/2025?

She was granted 3,653 restricted stock units (RSUs) under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan.

How and when will the RSUs be settled for LZB?

Each RSU is the economic equivalent of one share and will be settled in stock within 60 days following the vesting date, which is the one-year anniversary of the award.

How many LZB shares did the reporting person beneficially own after the grant?

The Form 4 reports 15,497 common shares beneficially owned following the reported transaction.

What price was reported for the RSU grant on the Form 4?

The transaction shows a reported price of $0, consistent with a grant of RSUs rather than a purchase.

Who filed the Form 4 and when was it signed?

The Form was filed by one reporting person and signed by an attorney-in-fact (/s/ Uzma Ahmad) on 08/29/2025.