Richmond Raphaell Z. 4

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.