Marshall H. Bridges - Feb 2, 2023 Form 4 Insider Report for HNI CORP (HNI)

Role
SVP & Chief Financial Officer
Signature
/s/ Steven M. Bradford, By Power of Attorney
Stock symbol
HNI
Transactions as of
Feb 2, 2023
Transactions value $
-$1,405
Form type
4
Date filed
2/6/2023, 01:36 PM
Previous filing
Mar 2, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Award $0 +72.3 +0.1% $0.00 72K Apr 1, 2022 Direct F1
transaction HNI Common Stock Award $0 +77.4 +0.11% $0.00 72.1K Jul 1, 2022 Direct F1
transaction HNI Common Stock Award $0 +101 +0.14% $0.00 72.2K Sep 30, 2022 Direct F1
transaction HNI Common Stock Award $0 +94.1 +0.13% $0.00 72.3K Dec 30, 2022 Direct F1
transaction HNI Common Stock Award $0 +195 +12.63% $0.00 1.74K Dec 31, 2022 Profit Sharing Retirement Plan F2
transaction HNI Common Stock Options Exercise $139K +4.38K +6.06% $31.79 76.7K Feb 2, 2023 Direct
transaction HNI Common Stock Sale -$142K -4.38K -5.72% $32.35 72.3K Feb 2, 2023 Direct F3, F4
transaction HNI Common Stock Options Exercise $1.05K +33 +0.05% $31.79 72.3K Feb 3, 2023 Direct 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 Non-qualifying employee stock option (right to buy) Options Exercise $0 -4.38K -99.25% $0.00 33 Feb 2, 2023 Common 4.38K $31.79 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -33 -100% $0.00* 0 Feb 3, 2023 Common 33 $31.79 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired during the fiscal year under the HNI Corporation Members' Stock Purchase Plan.
F2 These shares were acquired under the HNI Corporation Profit-Sharing Retirement Plan.
F3 The sale was effected pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and HNI's policies regarding stock transactions, including its insider trading policy.
F4 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.29 - $32.43, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
F5 This is an exercise and hold transaction. This transaction is the second in a two step transaction initiated on February 2, 2023, under a 10b5-1 plan where options were exercised and shares sold to cover taxes and expenses.