Richmond Raphaell Z. 4

What Happened

• Richmond Raphaell Z., Vice President, General Counsel & Chief Compliance Officer of La‑Z‑Boy (LZB), disposed of 474 shares on 2026-06-24. The shares were recorded at $41.85 each, for a total value of about $19,837.
• The transaction is coded as F (payment of exercise price or tax liability), indicating shares were surrendered/withheld to cover taxes related to prior equity compensation rather than an open‑market sale.

Key Details

• Transaction date: 2026-06-24; Filing date (Form 4): 2026-06-26 — appears to be filed within the typical two-business-day window.
• Price/value: 474 shares × $41.85 = $19,837 (approx).
• Transaction code: F — tax withholding/payment on exercised/vested equity (shares were disposed to satisfy taxes).
• Shares owned after transaction: not disclosed in the filing.
• No indication in this filing of a 10b5-1 plan or an open‑market sale; this is a routine withholding for tax purposes.

Context

• Tax-withholding disposals like this are common when executives exercise options or vest restricted stock; they typically do not signal a deliberate market sale or a change in view on the company.
• Because this was a share-for-tax transaction (not an outright sale), it’s primarily an administrative event tied to compensation.