La-Z-Boy (LZB) Director Matt Baer Receives 4,125 RSU Award

What Happened

• Matt Baer, a director of La‑Z‑Boy Inc. (LZB), was granted 4,125 restricted stock units (RSUs) on August 27, 2026. The award was granted for $0.00 cash consideration (no immediate cash outlay). Each RSU is the economic equivalent of one share of LZB common stock and will be settled in shares after vesting.

Key Details

• Transaction date: 2026-08-27; Filing date: 2026-08-31 (timely under Section 16 reporting rules).
• Consideration: $0.00 per RSU; total cash consideration reported = $0.
• Shares acquired: 4,125 RSUs (will convert to 4,125 shares upon settlement).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: Grant made under the La‑Z‑Boy Incorporated 2024 Omnibus Incentive Plan. The RSUs vest on the one‑year anniversary of the award and will be settled in stock within 60 days following the vesting date.

Context

• RSU awards are a form of compensation, not an open‑market purchase or sale. They do not represent immediate share ownership until vested and settled, and therefore are not a direct signal of buying/selling activity by the insider. This grant is a routine equity compensation event under the company's incentive plan.