Miguel M. Calado - Aug 28, 2024 Form 4 Insider Report for HNI CORP (HNI)

Role
Director
Signature
/s/ Steven M. Bradford, By Power or Attorney
Stock symbol
HNI
Transactions as of
Aug 28, 2024
Transactions value $
-$280,621
Form type
4
Date filed
8/29/2024, 06:36 PM
Previous filing
May 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Sale -$79.4K -1.5K -4.12% $52.93 34.9K Aug 28, 2024 Direct F1, F2
transaction HNI Common Stock Sale -$79.4K -1.5K -4.29% $52.95 33.4K Aug 28, 2024 Direct F1, F3
transaction HNI Common Stock Sale -$122K -2.3K -6.87% $52.98 31.2K Aug 28, 2024 Direct F1, F4, F5
* 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 28, 2024.
F2 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.60 - $53.16, 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 $52.60 - $53.22, inclusive.
F4 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.60 - $53.16, inclusive.
F5 The total in column 5 includes reinvested dividends of 20.012 shares acquired pursuant to a dividend reinvestment feature of the HNI Corporation Director's Deferred Compensation Plan..