Richmond Raphaell Z. 4

4 · LA-Z-BOY INC · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jun 30, 2026

La-Z-Boy (LZB) VP/GC Richmond Raphaell Exercises Options, Sells Shares

What Happened

Richmond Raphaell Z., Vice President, General Counsel & Chief Compliance Officer of La‑Z‑Boy (LZB), exercised 13,671 stock options on 2026-06-29 at $24.41 per share (cost $333,709) and immediately sold the 13,671 shares in an open‑market transaction for total proceeds of $544,534 (weighted average price $39.83).
Prior to that, 925 shares were disposed to satisfy tax/withholding obligations: 608 shares on 2026-06-26 for $24,898 and 317 shares on 2026-06-28 for $12,981 (both at $40.95 weighted average).

Key Details

Transaction dates/prices:
- 2026-06-26: 608 shares disposed (tax withholding) @ $40.95 = $24,898.
- 2026-06-28: 317 shares disposed (tax withholding) @ $40.95 = $12,981.
- 2026-06-29: Exercised 13,671 options @ $24.41 = $333,709 (code M).
- 2026-06-29: Sold 13,671 shares in open market @ weighted avg $39.83 = $544,534 (code S). Footnote indicates sale prices ranged $39.78–$39.93.
Shares owned after the transaction: not specified in the provided filing excerpt.
Footnotes:
- F1: The open‑market sale price reported is a weighted average; shares sold across $39.78–$39.93.
- F2: Options were granted under the La‑Z‑Boy 2017 Omnibus Incentive Plan and vested in scheduled installments.
Filing timeliness: no late‑filing indicator shown in the provided data.

Context

This appears to be a cashless-style exercise: options were exercised and the resulting shares were sold (some shares also sold earlier to satisfy tax withholding). Such transactions are commonly procedural—exercising vested options and selling shares to cover exercise costs and taxes—rather than an explicit signal of personal market sentiment.

Form 4

Period: 2026-06-26

VP, GC & Chief Compliance Off

Transactions

Tax Payment
Common Shares
2026-06-26$40.95/sh−608$24,898→ 52,012 total
Tax Payment
Common Shares
2026-06-28$40.95/sh−317$12,981→ 51,695 total
Exercise/Conversion
Common Shares
2026-06-29$24.41/sh+13,671$333,709→ 65,366 total
Sale
Common Shares
[F1]
2026-06-29$39.83/sh−13,671$544,534→ 51,695 total
Exercise/Conversion
Employee Stock Options (right to buy)
[F2]
2026-06-29−13,671→ 0 total
Exercise: $24.41From: 2023-06-28Exp: 2032-06-28→ Common Shares (13,671 underlying)

Footnotes (2)

[F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.78 to $39.93, inclusive. The reporting person undertakes to provide the issuer, any security holder of issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
[F2]These options were granted under the La-Z-Boy Incorporated 2017 Omnibus Incentive Plan and became exercisable in four equal annual installments beginning on the date shown in the Date Exercisable Column.

Signature

/s/ Uzma Ahmad, Attorney-in-Fact|2026-06-30

1 file