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Dimensional Fund Advisors reports 2,648,484 LZB shares (6.4%)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Dimensional Fund Advisors LP reported ownership of 2,648,484 shares of La‑Z‑Boy Inc common stock, representing 6.4% of the outstanding class. Dimensional states it has sole voting power over 2,589,513 shares and sole dispositive power over 2,648,484 shares, but disclaims beneficial ownership because the shares are owned by a group of funds and accounts it advises. The filing clarifies these holdings are held by investment company clients and commingled vehicles and were acquired in the ordinary course of business, not to influence control of the issuer. The Schedule 13G/A identifies Dimensional as an investment adviser reporting under the passive/beneficial-ownership rules and documents the adviser’s aggregate position and voting/dispositive powers.

Positive

  • Substantial disclosed stake: 2,648,484 shares equal to 6.4% of the class, a material holding
  • Voting clarity: 2,589,513 shares reported with sole voting power, enabling coordinated proxy voting across advised funds
  • Routine regulatory compliance: Filing under Schedule 13G/A signals passive reporting and adherence to disclosure rules

Negative

  • Disclaimers limit direct control: Dimensional disclaims beneficial ownership because the shares are owned by client Funds, reducing indication of proprietary commitment
  • No indication of intent to influence control: Certification states holdings were not acquired to change or influence issuer control, so the position may be purely index/mandate driven

Insights

Dimensional holds a material passive stake with voting and dispositive powers through client funds.

Holding 2,648,484 shares, equal to 6.4% of the class, is large enough to be investor‑material and must be disclosed; the filing shows sole voting power for 2,589,513 shares, indicating operational control over proxy votes for those fund positions.

The adviser explicitly disclaims beneficial ownership because ownership rests with the Funds it manages; this means the position reflects client mandates rather than direct proprietary accumulation, and the adviser says the shares were acquired in the ordinary course of business. Monitor subsequent filings for any change from a Schedule 13G to a Schedule 13D or for increases above typical passive thresholds within the next 12 months.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G



Dimensional Fund Advisors LP
Signature:Selwyn Notelovitz
Name/Title:Global Chief Compliance Officer
Date:10/09/2025

FAQ

How many La‑Z‑Boy (LZB) shares does Dimensional Fund Advisors report owning?

Dimensional reports 2,648,484 shares of La‑Z‑Boy common stock.

What percentage of LZB does Dimensional's holding represent?

The reported stake represents 6.4% of the outstanding class of La‑Z‑Boy common stock.

How many shares does Dimensional have voting power over in LZB?

Dimensional states it has sole voting power over 2,589,513 shares.

Does Dimensional claim beneficial ownership of these LZB shares?

No. Dimensional disclaims beneficial ownership because the shares are owned by investment funds and accounts it advises.

Was the stake acquired to influence control of La‑Z‑Boy?

The filing certifies the securities were not acquired to change or influence control and were acquired in the ordinary course of business.
La-Z-Boy Inc

NYSE:LZB

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1.65B
40.00M
2.73%
105.55%
6.17%
Furnishings, Fixtures & Appliances
Household Furniture
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United States
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