How Whittington was paid
$7.3M in total for FY 2026, 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 | $1,063,000 | $4,711,847 | $1,261,719 | $259,409 | $7,295,975 |
| Taylor E. LuebkeSenior Vice President and Chief Financial Officer | $476,667 | $830,440 | $339,252 | $54,665 | $1,701,024 |
| Robert Sundy IIPresident, Retail | $517,833 | $696,841 | $319,578 | $65,324 | $1,599,576 |
| Terrence J. LinzPresident, Wholesale Brands | $504,167 | $671,589 | $310,945 | $48,873 | $1,535,574 |
| Michael A. LeggettSenior Vice President and Chief Supply Chain Officer | $470,667 | $609,365 | $335,067 | $52,623 | $1,467,722 |
What changed and why
- $7.3M$7,295,975 CEO total compensation increased from $6,663,764 in FY 2025.
- 93%93% of votes cast supported say-on-pay at the 2025 annual meeting.
- Performance-based units use sales growth, operating cash flow, and relative TSR over FY 2026–2028.
- MIP payouts are based on sales and operating margin performance.
- $110K$110,290 of incremental aircraft costs was included in the CEO’s all other compensation.
- 184:1 was the FY 2026 CEO-to-median-employee pay ratio.
Other La-Z-Boy proxy statements
- 2025 proxy statement
Melinda D. Whittington paid $6.7M (+13% on the year), pay ratio 184:1.
Filed Jul 16, 2025
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.