Brian Scott Smith - 13 Oct 2024 Form 3 Insider Report for HNI CORP (HNI)

Role
President, Hearth & Home Tech
Signature
/s/ Steven M. Bradford as attorney-in-fact for Brian S. Smith
Issuer symbol
HNI
Transactions as of
13 Oct 2024
Net transactions value
$0
Form type
3
Filing time
15 Oct 2024, 17:06:48 UTC
Next filing
17 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding HNI Common Stock 11,902 13 Oct 2024 Direct F1
holding HNI Common Stock 1,490 13 Oct 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
holding HNI Non-qualifying employee stock option (right to buy) 13 Oct 2024 Common Stock 2,284 $51.54 Direct F2
holding HNI Non-qualifying employee stock option (right to buy) 13 Oct 2024 Common Stock 3,676 $46.62 Direct F2
holding HNI Performance Standard Units 13 Oct 2024 Common Stock 2,630 $0.000000 Direct F3
holding HNI Performance Standard Units 13 Oct 2024 Common Stock 3,843 $0.000000 Direct F4
holding HNI Performance Standard Units 13 Oct 2024 Common Stock 2,944 $0.000000 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of the 11,901.608 shares of Common Stock reported, 2,610.478 shares are held in a Member's Stock Purchase Plan; 2,343 shares are held in a Supplemental Income Plan; 565.130 shares are held in a deferred account pursuant to the Executive Deferred Compensation Plan to be distributed in ten equal annual installments starting January 2025; and 6,383 shares represent underlying restricted stock units ("RSUs") as follows: (a) 877 RSUs granted on February 16, 2022, which will vest on February 16, 2025; (b) 2,562 RSUs granted on February 15, 2023, which will vest in two equal annual installments on February 15, 2025 and February 15, 2026; and (c) 2,944 RSUs granted on February 14, 2024, which will vest in three equal annual installments on February 14, 2025, February 14, 2026, and February 14, 2027.
F2 The option became fully vested and exercisable on the fourth anniversary of the grant date.
F3 On February 16, 2022, the reporting person was granted performance standard units to become fully vested on December 31, 2024. These shares will not be distributed until after HNI Corporation's February 2025 Board Meeting and only upon achievement of performance goals.
F4 On February 15, 2023, the reporting person was granted performance standard units to become fully vested on December 31, 2025. These shares will not be distributed until after HNI Corporation's February 2026 Board Meeting and only upon achievement of performance goals.
F5 On February 14, 2024, the reporting person was granted performance standard units to become fully vested on December 31, 2026. These shares will not be distributed until after HNI Corporation's February 2027 Board Meeting and only upon achievement of performance goals.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney