How Whittington was paid
$6.7M in total for FY 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Melinda D. WhittingtonBoard Chair, President and Chief Executive Officer | $1,021,333 | $4,107,199 | $1,261,915 | $273,317 | $6,663,764 |
| Taylor E. LuebkeSenior Vice President and Chief Financial Officer | $348,417 | $384,133 | $193,201 | $26,815 | $952,566 |
| Michael A. LeggettSenior Vice President and Chief Supply Chain Officer | $449,167 | $594,806 | $346,861 | $56,331 | $1,447,165 |
| Robert Sundy IIPresident, La-Z-Boy Brand and Chief Commercial Officer | $494,167 | $577,592 | $305,299 | $61,171 | $1,438,229 |
| Terrence J. LinzPresident, Portfolio Brands | $476,667 | $559,564 | $294,501 | $45,205 | $1,375,937 |
| Robert G. LucianFormer Senior Vice President and Chief Financial Officer | $532,186 | $1,005,087 | $415,749 | $60,093 | $2,013,115 |
What changed and why
- $6.7M$6,663,764 was CEO total compensation in FY 2025, up from $5,872,110 in FY 2024.
- $4.1M$4,107,199 of CEO compensation came from stock awards, including performance-based and restricted stock units.
- $1.3M$1,261,915 was the CEO’s FY 2025 non-equity incentive compensation tied to performance goals.
- Sales and operating margin determined annual incentive payouts under the management incentive plan.
- Sales growth, operating cash flow, and relative TSR determined performance-based unit awards.
- 97%97% of votes cast supported say-on-pay at the 2024 annual meeting; the company made no program changes in response.
Other La-Z-Boy proxy statements
- 2026 proxy statement
Melinda D. Whittington paid $7.3M (+9% on the year), pay ratio 184:1.
Filed Jul 15, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.