LZB Form 4: Janet Kerr receives 3,653 restricted stock units under 2024 plan

Rhea-AI Filing Summary

La-Z-Boy director Janet Kerr received 3,653 restricted stock units (RSUs) on 08/28/2025 under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan. Each RSU represents the economic equivalent of one share of LZB common stock and was granted at a price of $0. The RSUs vest on the one-year anniversary of the award date and will be settled in stock within 60 days after the vesting date. Following the grant, Ms. Kerr beneficially owns 7,025 common shares as reported on this Form 4. The form was filed individually by the reporting person and signed by an attorney-in-fact on 08/29/2025.

Positive

• Director received 3,653 RSUs, increasing alignment with shareholders through equity ownership
• RSUs vest in one year and settle in stock within 60 days, providing a clear, time‑based retention mechanism
• Form 4 discloses resulting beneficial ownership of 7,025 shares, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: This is a routine director equity grant that increases insider alignment with shareholders but has no immediate cash impact.

The 3,653 RSU award is a non-cash equity grant priced at $0 and scheduled to vest in one year, increasing the director's potential stake to 7,025 shares. For investors, this is a standard retention/incentive mechanism; it dilutes outstanding shares only upon settlement but is likely immaterial to overall capitalization unless part of a larger, undisclosed program. The filing contains no financial projections, cash-flow effects, or changes to executive compensation policy beyond this single grant.

Corporate Governance Expert

TL;DR: A standard, time‑based RSU award to a director consistent with typical governance practices; disclosure is complete for the transaction.

The award was granted under the 2024 Omnibus Incentive Plan and the Form 4 discloses grant date, amount, vesting schedule (one year), settlement mechanism (stock within 60 days post‑vesting), and resulting beneficial ownership. The filing was made by one reporting person and signed by an attorney‑in‑fact. There are no indications of accelerated vesting, performance conditions, or related-party arrangements disclosed in this document.

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^*

KERR JANET

(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	7,025	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 Janet Kerr report on the Form 4 for LZB?

She reported a grant of 3,653 restricted stock units (RSUs) on 08/28/2025 under the 2024 Omnibus Incentive Plan.

When do the RSUs granted to Janet Kerr vest and how are they settled?

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.

How many LZB shares does Janet Kerr beneficially own after the reported transaction?

She beneficially owns 7,025 common shares following the reported grant.

What price was reported for the RSU grant on the Form 4?

The reported price for the RSU grant was $0, indicating a standard equity award rather than a purchase.

Who signed the Form 4 filing for Janet Kerr and when?

The form was signed by Uzma Ahmad, Attorney‑in‑Fact, on 08/29/2025.