La-Z-Boy (LZB) Director Janet Kerr Receives Restricted Stock Award

What Happened

• Janet Kerr, a director of La‑Z‑Boy Inc. (LZB), received a grant of 4,125 restricted stock units (RSUs) on August 27, 2026. The award was recorded at $0.00 per unit (no cash paid at grant). Each RSU is the economic equivalent of one share of LZB common stock and will convert to shares upon vesting.
• This transaction is an equity award (compensation), not a purchase or sale of existing shares.

Key Details

• Transaction date: 2026-08-27. Filing date: 2026-08-31 (filed within the SEC reporting window).
• Transaction type/code: Award/Grant (A). Grant size: 4,125 RSUs. Reported price per unit: $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: RSUs were granted under the La‑Z‑Boy Incorporated 2024 Omnibus Incentive Plan. Vesting is at the one‑year anniversary of the award (around 2027-08-27), and the RSUs will be settled in stock within 60 days following the vesting date.
• No tax‑withholding or sale-on-vesting details were disclosed in this filing.

Context

• RSU grants are a common form of director/executive compensation and are typically intended to align long‑term interests with shareholders. They do not represent an immediate cash transaction or market sale.
• When these RSUs vest and are settled in shares, they will increase outstanding shares (dilution) but do not by themselves indicate the insider’s view on the company’s near‑term stock performance.