La-Z-Boy insider grant: 3,653 RSUs awarded to director; $0 grant price

Rhea-AI Filing Summary

Haider Raza Syed, a director of La-Z-Boy Incorporated (LZB), was granted 3,653 restricted stock units on 08/28/2025 under the 2024 Omnibus Incentive Plan. Each restricted stock unit equals one share of LZB common stock and carries a $0 grant price. The award vests one year after grant and will be settled in stock within 60 days following the vesting date. After the grant, the reporting person beneficially owned 11,641 shares. The Form 4 was signed by an attorney-in-fact on 08/29/2025 and filed as a single reporting-person filing.

Positive

• Grant of 3,653 RSUs increases insider alignment with shareholders through equity-based compensation
• Post-grant beneficial ownership of 11,641 shares—reflects greater insider stake disclosed
• Standard vesting and settlement terms (one-year vesting; settlement in stock within 60 days) indicate typical governance practices

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director equity grant increases insider ownership modestly; no cash consideration reported and standard vesting terms apply.

The Form 4 documents a non-cash grant of 3,653 restricted stock units to a company director under the 2024 Omnibus Incentive Plan. RSUs are the economic equivalent of common shares and will convert to stock within 60 days after vesting on the one-year anniversary. The reporting persons total beneficial holdings reached 11,641 shares following the grant. This is a standard compensation award and contains no unusual terms or immediate cash proceeds.

Corporate Governance Expert

TL;DR: Standard equity-based compensation for a director with customary one-year vesting and settlement timing.

The disclosure shows a typical RSU grant to a director under the companys omnibus plan, priced at $0 as is normal for restricted units. Vesting at one year and settlement within 60 days thereafter are common governance practices aligning director incentives with shareholder interests. The filing was executed by an attorney-in-fact and filed as a single reporting-person Form 4, consistent with routine insider reporting procedures.

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^*

Haider Raza Syed

(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	11,641	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 Haider Raza Syed report on Form 4 for LZB?

The Form 4 reports a grant of 3,653 restricted stock units on 08/28/2025 and shows beneficial ownership of 11,641 shares after the grant.

Under which plan were the RSUs for LZB granted?

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

What are the vesting and settlement terms of 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.

Was there any cash paid for the RSU grant?

No cash was paid; the transaction lists a $0 price for the granted restricted stock units.

When was the Form 4 signed and who signed it?

The Form 4 was signed by Uzma Ahmad, Attorney-in-Fact on 08/29/2025.