LZB Form 4: 3,653 RSUs awarded to director Matt Baer; settlement details

Rhea-AI Filing Summary

Matt Baer, a director of La-Z-Boy Incorporated (LZB), was granted 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy 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 the RSUs vest, with the vesting date set as the one-year anniversary of the award date. After this grant, the filing reports Mr. Baer beneficially owns 5,683 shares. The transaction was reported on Form 4 and signed by an attorney-in-fact on 08/29/2025.

Positive

• 3,653 RSUs granted under the La-Z-Boy 2024 Omnibus Incentive Plan, explicitly disclosed.
• RSUs settle in stock within 60 days after vesting, with vesting set at one year from grant date, clarifying timing and form of settlement.
• Beneficial ownership reported as 5,683 shares following the reported transaction, improving transparency of insider holdings.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a modest equity grant that increases beneficial ownership to 5,683 shares, consistent with routine compensation practices.

The 3,653 RSU grant is an equity compensation award typical for non-employee or board directors and is governed by the 2024 Omnibus Incentive Plan. The award vests one year from grant and will be settled in stock within 60 days after vesting, which may modestly increase outstanding shares when settled. This Form 4 discloses change in beneficial ownership but contains no operational or financial performance information.

Corporate Governance Expert

TL;DR: Governance disclosure meets Section 16 requirements; grant details are clear and follow plan terms.

The filing clearly identifies the grant date, number of RSUs, settlement mechanics, and resulting beneficial ownership. Reporting the grant on a Form 4 and indicating the award under the 2024 Omnibus Incentive Plan provides transparent compensation disclosure for shareholders. There are no flagged irregularities or amendments noted in the filing.

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^*

Baer Matt

(Last) (First) (Middle)

C/O STITCH FIX, INC.

1 MONTGOMERY ST.

(Street)

SAN FRANCISCO CA 94104

(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	5,683	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 Matt Baer report on Form 4 (LZB)?

He reported a grant of 3,653 restricted stock units (RSUs) on 08/28/2025 under the 2024 Omnibus Incentive Plan, raising his beneficial ownership to 5,683 shares.

When do the RSUs granted to Matt Baer vest and settle?

The RSUs vest one year after the award date and will be settled in common stock within 60 days following the vesting date.

How many shares does Matt Baer beneficially own after the transaction?

5,683 shares are reported as beneficially owned following the RSU grant.

Under which plan were the RSUs granted?

The award was granted under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan.

Who signed the Form 4 filing for this transaction?

The Form 4 was signed by Uzma Ahmad, Attorney-in-Fact, with the signature dated 08/29/2025.