La-Z-Boy Director Michael T. Lawton Receives RSU Award

What Happened
Michael T. Lawton, a director of La‑Z‑Boy Inc. (LZB), received a grant of 4,125 restricted stock units (RSUs) on August 27, 2026. The award is reported as an acquisition (code A) at a per-unit price of $0.00 (no cash paid). Each RSU is the economic equivalent of one share of LZB common stock and will be settled in shares after vesting.

Key Details

• Transaction date: August 27, 2026
• Instrument/type: 4,125 restricted stock units (RSUs), coded as an award/grant (A)
• Reported acquisition price: $0.00 (award) — reported total value $0 on the Form 4 filing line
• Plan: Granted under the La‑Z‑Boy Incorporated 2024 Omnibus Incentive Plan (per footnote)
• Vesting/settlement: RSUs vest on the one‑year anniversary of the award (around Aug 27, 2027) and will be settled in stock within 60 days following the vesting date (per footnote)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Filing timeliness: Form 4 filed on Aug 31, 2026 for the Aug 27 transaction; this filing date is within the SEC’s two business‑day deadline (timely)

Context
RSU grants are a common form of executive and director compensation; they do not involve an immediate cash purchase or sale and are typically intended to align long‑term interests with shareholders. The economic value to the insider will depend on LZB’s share price at vesting/settlement.