LZB President Linz Files Form 4 for 145-Share Tax Disposal

Rhea-AI Filing Summary

La-Z-Boy Inc. (LZB) Form 4 filing – 24 Jun 2025: President, Portfolio Brands Terrence James Linz reported a single insider transaction dated 21 Jun 2025. The filing shows a Code F transaction, which represents shares withheld by the issuer to satisfy tax obligations upon the vesting of equity awards.

Specifically, Linz disposed of 145 common shares at an implied price of $38.13 per share, reducing tax liability rather than signalling an open-market sale. Following the withholding, the executive still owns 38,179 common shares directly. No derivative securities were acquired or disposed of, and no other transaction codes were listed.

The trade size represents well under 1 % of Linz’s reported holdings and is immaterial relative to La-Z-Boy’s ~45 million shares outstanding. Such routine F-code tax-related disposals are generally viewed as administrative and carry minimal market impact.

Positive

• Executive retains 38,179 shares, demonstrating continued alignment with shareholder interests despite the minor tax-related disposal.

Negative

• Disposal of 145 shares, albeit immaterial, technically reduces insider ownership by a small margin.

Insights

Insider Transaction Analyst

TL;DR: Routine 145-share tax withholding; executive still holds 38k shares—negligible impact on LZB investment thesis.

Code F denotes share withholding to cover taxes on vested equity, not a discretionary sale. The 145-share amount equals roughly $5.5 k in value and <0.4 % of Linz’s current stake. With ownership remaining at 38,179 shares, insider alignment remains intact. Given La-Z-Boy’s multi-million-share float, the event is de minimis for liquidity, governance, or valuation considerations. Investors typically disregard such filings unless part of a broader selling trend, which is not evident here.

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
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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^*

Linz Terrence James

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Portfolio Brands

3. Date of Earliest Transaction (Month/Day/Year)
06/21/2025

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	06/21/2025		F		145	D	$38.13	38,179	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:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Uzma Ahmad, Attorney-in-Fact	06/24/2025
	** 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 (LZB) President Terrence Linz report on the latest Form 4?

He reported a Code F tax-related disposal of 145 common shares on 21 Jun 2025.

How many La-Z-Boy shares does Terrence Linz own after the transaction?

He directly owns 38,179 common shares following the filing.

Was the transaction an open-market sale?

No. Code F indicates shares were withheld by the issuer for taxes, not sold on the open market.

What price was assigned to the withheld shares?

The filing lists an implied price of $38.13 per share.

Does this Form 4 filing materially affect La-Z-Boy stock?

The 145-share withholding is immaterial relative to total insider holdings and La-Z-Boy’s float, so impact is minimal.