La-Z-Boy Insider Filing: 3,653 RSUs Granted to Director (LZB)

Rhea-AI Filing Summary

La-Z-Boy director Michael T. Lawton 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 was granted at a reported price of $0. After the grant, Mr. Lawton beneficially owns 15,497 common shares. The RSUs vest on the one-year anniversary of the award and will be settled in stock within 60 days following the vesting date. The Form 4 was signed by an attorney-in-fact on 08/29/2025.

Positive

• Grant disclosed transparently: 3,653 RSUs, vesting schedule, and settlement mechanism are explicitly stated
• Increased reported ownership: Beneficial ownership reported as 15,497 common shares after the grant

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 3,653 RSUs, increasing reported beneficial ownership to 15,497 shares; standard time‑based vesting applies.

The filing documents a time‑based equity grant to a director under the companys 2024 Omnibus Incentive Plan. The award size (3,653 RSUs) and one‑year vesting schedule indicate a customary retention/compensation grant rather than an exercised option or sale. The transaction is recorded at $0, consistent with a grant rather than an open‑market purchase, and the settlement will be in stock within 60 days after vesting. From a shareholder perspective, this is a routine insider compensation disclosure without additional financial metrics provided.

Corporate Governance Expert

TL;DR: Governance disclosure shows a director equity award with standard documentation and signature by attorney‑in‑fact.

The Form 4 clearly identifies the reporting person as a director and discloses the grant terms: 3,653 RSUs, one‑year vesting, stock settlement within 60 days post‑vesting, and issuance under the 2024 Omnibus Incentive Plan. The filing follows Section 16 reporting conventions and includes an attorney‑in‑fact signature dated 08/29/2025. The disclosure is straightforward and meets the insider reporting requirements evident in the form content.

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^*

Lawton Michael T

(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 transaction did Michael T. Lawton report on Form 4 for LZB?

The Form 4 reports a grant of 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy 2024 Omnibus Incentive Plan.

How many shares does Michael T. Lawton beneficially own after the reported transaction?

Following the reported transaction, Mr. Lawton beneficially owns 15,497 common shares.

What are the vesting and settlement terms for the RSUs?

The RSUs vest on the one-year anniversary of the award date and will be settled in stock within 60 days following the vesting date.

Under which plan were the RSUs granted?

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

What price was reported for the granted RSUs on the Form 4?

The transaction is reported with a price of $0, consistent with an equity grant rather than a market purchase.