Jeffrey D. Lorenger - Aug 23, 2024 Form 4 Insider Report for HNI CORP (HNI)

Role
President & CEO, Director
Signature
/s/ Steven M. Bradford, By Power or Attorney
Stock symbol
HNI
Transactions as of
Aug 23, 2024
Transactions value $
-$43,258
Form type
4
Date filed
8/27/2024, 05:51 PM
Previous filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $848K +16.5K +5.54% $51.54 313K Aug 23, 2024 Direct
transaction HNI Common Stock Sale -$873K -16.5K -5.25% $53.09 297K Aug 23, 2024 Direct F1, F2
transaction HNI Common Stock Options Exercise $487K +9.45K +3.18% $51.54 306K Aug 26, 2024 Direct
transaction HNI Common Stock Sale -$505K -9.45K -3.08% $53.42 297K Aug 26, 2024 Direct F1, F3
holding HNI Common Stock 7.11K Aug 23, 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 -16.5K -63.52% $0.00 9.45K Aug 23, 2024 Common Stock 16.5K $51.54 Direct
transaction HNI Non-qualifying employee stock options (right to buy) Options Exercise $0 -9.45K -100% $0.00 0 Aug 26, 2024 Common Stock 9.45K $51.54 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 10, 2024.
F2 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.04 - $53.36, 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 and 3 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 $53.06 - $53.78, inclusive.