La-Z-Boy (LZB) Director Erika L. Alexander Receives 4,125 RSU Award

What Happened Erika L. Alexander, a director of La-Z-Boy Inc. (LZB), received a grant of 4,125 restricted stock units (RSUs) on August 27, 2026. The filing reports an acquisition price of $0.00 for the award (standard for compensation grants); the RSUs are the economic equivalent of 4,125 shares and will convert to common stock upon vesting. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: August 27, 2026 (reported on Form 4 filed August 31, 2026).
• Transaction type/code: Award/Grant (A). Reported price per unit: $0.00; total reported acquisition value: $0.
• Plan: Granted under the La-Z-Boy Incorporated 2024 Omnibus Incentive Plan (footnote).
• Vesting/settlement: RSUs vest on the one-year anniversary of the grant and will be settled in shares within 60 days after the vesting date.
• Shares owned after transaction: Not specified in the supplied filing.
• Filing timeliness: Form 4 was filed August 31, 2026; based on the Aug 27 transaction date this appears to be within the usual 2-business-day filing window.

Context RSU grants are a common form of director and executive compensation and represent future stock compensation subject to vesting—they are not immediately tradable shares. Because this is an award (not a market purchase or sale), it should be viewed as compensation rather than a direct buy/sell signal from the insider.