Jason Dean Hagedorn - Jan 1, 2022 Form 5 Insider Report for HNI CORP (HNI)

Role: President, Allsteel Inc.
Signature: /s/ Steven M. Bradford, By Power of Attorney
Stock symbol: HNI
Transactions as of: Jan 1, 2022
Transactions value $: $20,507
Form type: 5
Date filed: 2/15/2022, 02:50 PM
Previous filing: Aug 10, 2021
Next filing: Feb 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNI	Common Stock	Options Exercise	$31.9K	+863	+5.42%	$36.95	16.8K	Feb 12, 2021	Direct	F1
transaction	HNI	Common Stock	Tax liability	-$11.4K	-308	-1.83%	$36.95	16.5K	Feb 12, 2021	Direct	F2
transaction	HNI	Common Stock	Award	$0	+48.3	+0.29%	$0.00	16.5K	Mar 31, 2021	Direct	F3
transaction	HNI	Common Stock	Award	$0	+44.7	+0.27%	$0.00	16.6K	Jul 2, 2021	Direct	F3
transaction	HNI	Common Stock	Award	$0	+50.3	+0.3%	$0.00	16.6K	Oct 1, 2021	Direct	F3
transaction	HNI	Common Stock	Award	$0	+45.5	+0.27%	$0.00	16.7K	Dec 31, 2021	Direct	F3, F4
holding	HNI	Common Stock						763	Jan 1, 2022	Profit-Sharing Retirement Plan	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HNI	Restricted Stock Units	Options Exercise	$0	-863	-33.32%	$0.00	1.73K	Feb 12, 2021	Common Stock	863	$0.00	Direct	F1, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion of Restricted Stock Units into Common Stock. On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units ("2020 Grant") to vest one-third per year in equal installments beginning on the first anniversary of the grant date. The first installment of 863 fully vested on February 12, 2021.
F2	These shares were withheld by the Issuer to cover taxes upon vesting of the aggregate 555 shares of Common Stock that vested on February 12, 2021 pursuant to the 2020 Grant.
F3	These shares were acquired during the fiscal year under the HNI Corporation Members' Stock Purchase Plan.
F4	The total in column 5 includes reinvested dividends of 8.98 shares.
F5	The total is column 5 includes 179.763 shares acquired under the HNI Corporation Profit-Sharing Retirement Plan.
F6	Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F7	On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units, vesting one-third per year in equal installments over a three year period, starting on the first anniversary of the 2020 Grant. The first installment of Restricted Stock Units vested on February 12, 2021. The second installment of Restricted United vested on February 12, 2022. The remaining Restricted Units will vest on February 12, 2023.