La-Z-Boy (LZB) Director Haider Raza Syed Receives 4,125 RSUs

What Happened

• Haider Raza Syed, a director of La-Z-Boy Inc. (LZB), was granted 4,125 restricted stock units (RSUs) on August 27, 2026. The Form 4 reports an acquisition (code A) at $0.00 per unit (no cash paid at grant). RSUs are the economic equivalent of one share of LZB common stock and will convert to shares when vested.

Key Details

• Transaction date: 2026-08-27; Grant type: RSU award (Form 4 code A); Grant price reported: $0.00 per RSU.
• Number of units granted: 4,125 RSUs. Total cash paid at grant: $0.
• Vesting: RSUs vest on the one-year anniversary of the award (around 2027-08-27) and will be settled in stock within 60 days after the vesting date (per footnote).
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing: Form 4 filed 2026-08-31 (four days after the transaction); insiders are generally required to file within two business days, so this appears later than the typical deadline.

Context

• This is a non-cash equity award (not a market purchase or sale). RSU grants are compensation and do not by themselves signal a buy or sell intent; their future value will depend on LZB’s share price at vesting and settlement.