La-Z-Boy President Reports Minor Tax-Related Share Withholding

Rhea-AI Filing Summary

La-Z-Boy Incorporated (LZB) filed a low-complexity Form 4 that documents a single insider transaction by President, La-Z-Boy Brand & Chief Commercial Officer Robert Sundy II on 21 June 2025.

• Transaction code “F” shows 152 common shares were withheld at $38.13 to cover tax obligations arising from an equity award vesting.
• Following the withholding, Sundy directly owns 34,987 common shares.
• No derivative securities were involved and no additional buys or sales were reported.

The filing represents a routine, non-discretionary tax-related share withholding of < 1% of the insider’s holdings and is unlikely to influence the company’s fundamental outlook.

Insights

Securities Analyst

TL;DR: Routine tax withholding; negligible impact on LZB valuation.

The Form 4 reports only 152 shares withheld under code F, a standard mechanism to satisfy payroll taxes when restricted stock vests. Post-transaction ownership of 34,987 shares suggests continued alignment of the executive’s incentives with shareholders. The absence of open-market sales or derivative activity signals no change in sentiment. Given the immaterial size (<0.5% of his stake) and non-discretionary nature, I classify the filing as neutral for LZB investors.

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^*

Sundy Robert II

(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)
	Pres LZB Brand CCO

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		152	D	$38.13	34,987	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:

	/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’s (LZB) Form 4 filed on 24 June 2025 disclose?

It disclosed a tax-related withholding of 152 common shares by executive Robert Sundy II on 21 June 2025.

How many shares were involved in the transaction?

A total of 152 common shares were withheld under transaction code F.

What does transaction code “F” mean on a Form 4?

Code F indicates shares withheld by the issuer to pay income tax on the vesting of equity awards; it is not an open-market sale.

How many La-Z-Boy shares does Robert Sundy II own after the transaction?

He directly holds 34,987 common shares following the withholding.

Were any derivative securities reported in this filing?

No, the Form 4 shows no derivative security acquisitions or disposals.