Richmond Raphaell Z. 4

What Happened

• Richmond Raphaell, Vice President, General Counsel & Chief Compliance Officer of La‑Z‑Boy (LZB), received a series of stock awards on 2026-06-22 totaling 16,099 shares (reported as Code A — award/grant).
• To cover tax obligations related to the awards, 2,775 shares were withheld (reported as Code F) at a withholding price of $39.99 per share, generating about $110,971 in cash value.
• Net effect: Raphaell appears to have acquired a net 13,324 shares (16,099 awarded − 2,775 withheld). These are award-based acquisitions rather than open-market purchases.

Key Details

• Transaction date: 2026-06-22; Filing date: 2026-06-24 (filed within the standard Form 4 window).
• Awards (Code A): 6,797; 1,732; 4,804; 1,422; 1,344 — total 16,099 shares acquired at $0.00 reported cost.
• Withheld for taxes (Code F): 354; 551; 496; 1,374 — total 2,775 shares withheld at $39.99 each, total ~$110,971.
• Shares owned after transaction: Not specified in the provided filing details.
• Notes: Code A = award/grant; Code F = payment of exercise price or tax liability (here used as tax withholding). No mention of a 10b5-1 plan or late filing in the provided data.

Context

• These transactions reflect equity awards being settled and routine tax-withholding, not an open-market sale or purchase decision by the insider. Withheld shares are commonly used to satisfy tax obligations and do not necessarily indicate a view on the company’s stock price.
• For retail investors, awards increase insider ownership (net +13,324 shares here). Such grants are common part of executive compensation; interpret as informational rather than a clear bullish or bearish signal.