Vincent P. Berger - 19 Aug 2024 Form 4 Insider Report for HNI CORP (HNI)

Role
President, HHT; EVP, HNI Corp
Signature
/s/ Steven M. Bradford, By Power or Attorney
Issuer symbol
HNI
Transactions as of
19 Aug 2024
Net transactions value
-$455,602
Form type
4
Filing time
21 Aug 2024, 15:58:49 UTC
Previous filing
18 Mar 2024
Next filing
18 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $268,688 +6,101 +8.9% $44.04 74,724 19 Aug 2024 Direct
transaction HNI Common Stock Sale $313,225 -6,101 -8.2% $51.34 68,623 19 Aug 2024 Direct F1, F2
transaction HNI Common Stock Options Exercise $1,233,467 +31,889 +46% $38.68 100,512 19 Aug 2024 Direct
transaction HNI Common Stock Sale $1,636,225 -31,889 -32% $51.31 68,623 19 Aug 2024 Direct F1, F3
transaction HNI Common Stock Options Exercise $1,416,766 +35,624 +52% $39.77 104,247 19 Aug 2024 Direct
transaction HNI Common Stock Sale $1,828,224 -35,624 -34% $51.32 68,623 19 Aug 2024 Direct F1, F4
transaction HNI Common Stock Options Exercise $21,712 +493 +0.72% $44.04 69,116 20 Aug 2024 Direct F5
transaction HNI Common Stock Options Exercise $187,521 +4,848 +7% $38.68 73,964 20 Aug 2024 Direct F5
transaction HNI Common Stock Options Exercise $193,919 +4,876 +6.6% $39.77 78,840 20 Aug 2024 Direct F5
holding HNI Common Stock 1,922 19 Aug 2024 Profit-Sharing Retirement Plan

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 options (right to buy) Options Exercise $0 -6,101 -93% $0.000000 493 19 Aug 2024 Common Stock 6,101 $44.04 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -31,889 -87% $0.000000 4,848 19 Aug 2024 Common Stock 31,889 $38.68 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -35,624 -88% $0.000000 4,876 19 Aug 2024 Common Stock 35,624 $39.77 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -493 -100% $0.000000 0 20 Aug 2024 Common Stock 493 $44.04 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -4,848 -100% $0.000000 0 20 Aug 2024 Common Stock 4,848 $38.68 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -4,876 -100% $0.000000 0 20 Aug 2024 Common Stock 4,876 $39.77 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on May 20, 2024 (the "Plan").
F2 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.09 - $51.52, 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 footnotes 2,3 and 4 to this Form 4.
F3 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.03 - $51.52, inclusive.
F4 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.01 - $51.53, inclusive.
F5 This transaction is the second in a two step transaction initiated on August 19,2024, under the Plan where options were exercised and a portion of the shares received were sold to cover taxes and expenses.