Brian Scott Smith - 15 Oct 2024 Form 4 Insider Report for HNI CORP (HNI)

Signature
/s/ Steven M. Bradford as attorney-in-fact for Brian S. Smith
Issuer symbol
HNI
Transactions as of
15 Oct 2024
Net transactions value
-$5,619
Form type
4
Filing time
17 Oct 2024, 16:18:36 UTC
Previous filing
15 Oct 2024
Next filing
15 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNI Common Stock Options Exercise $117,717 +2,284 +19% $51.54 14,186 15 Oct 2024 Direct
transaction HNI Common Stock Sale $123,336 -2,284 -16% $54.00 11,902 15 Oct 2024 Direct F1
holding HNI Common Stock 1,490 15 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
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -2,284 -100% $0.000000 0 15 Oct 2024 Common Stock 2,284 $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 transaction reported in this Form 4 was effectuated pursuant to a Rule 10b5-1 plan adopted on May 4, 2024.