LZB director granted 3,653 RSUs — ownership rises to 15,497 shares
La-Z-Boy insider grant: Director Lauren B. Peters was granted 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan.
Rhea-AI Filing Summary
La-Z-Boy insider grant: Director Lauren B. Peters was granted 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 grant date. Following this grant, Ms. Peters beneficially owns 15,497 common shares of LZB. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
Positive
- Grant disclosed: Reporting person received 3,653 RSUs on 08/28/2025 as recorded on Form 4
- Post-grant ownership: Beneficial ownership increased to 15,497 common shares
Negative
- None.
Insights
TL;DR: A director received 3,653 RSUs that convert to shares after one year; ownership increases to 15,497 shares.
The grant is a non-cash, time-based equity award under the company's 2024 Omnibus Incentive Plan. The RSUs are described as economically equivalent to shares and will settle in stock within 60 days after vesting on the one-year anniversary. For investors monitoring insider holdings, this transaction documents an increase in reported beneficial ownership but does not disclose cash proceeds, option exercise, or sales activity.
TL;DR: Director-level equity grant documented; standard vesting and settlement terms disclosed.
The filing records a typical restricted stock unit award to a director, specifying plan source, vesting at one year, and stock settlement within 60 days after vesting. The Form 4 provides clear disclosure of the grant date, quantity, and post-transaction beneficial ownership. No amendments, disposals, or derivative instruments are reported on this form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 3,653 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LZB director Lauren B. Peters receive on 08/28/2025?
When do the RSUs granted to Lauren B. Peters vest and settle?
Was cash consideration paid for the RSUs reported on the Form 4?
Who signed the Form 4 and when was it filed?
AI-generated analysis. How Rhea-AI works. Not financial advice.