Vincent P. Berger - 16 Oct 2024 Form 4 Insider Report for HNI CORP (HNI)

Role
EVP, HNI Corp
Signature
/s/ Steven M. Bradford, By Power or Attorney
Issuer symbol
HNI
Transactions as of
16 Oct 2024
Net transactions value
-$89,138
Form type
4
Filing time
18 Oct 2024, 15:28:16 UTC
Previous filing
21 Aug 2024
Next filing
15 Jan 2025
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 $183,173 +3,554 +4.5% $51.54 82,394 16 Oct 2024 Direct
transaction HNI Common Stock Sale $195,577 -3,554 -4.3% $55.03 78,840 16 Oct 2024 Direct F1, F2
transaction HNI Common Stock Options Exercise $663,962 +14,242 +18% $46.62 93,082 16 Oct 2024 Direct
transaction HNI Common Stock Sale $783,737 -14,242 -15% $55.03 78,840 16 Oct 2024 Direct F1, F3
transaction HNI Common Stock Options Exercise $64,270 +1,247 +1.6% $51.54 80,087 17 Oct 2024 Direct
transaction HNI Common Stock Sale $68,672 -1,247 -1.6% $55.07 78,840 17 Oct 2024 Direct F1, F4
transaction HNI Common Stock Options Exercise $214,965 +4,611 +5.8% $46.62 83,451 17 Oct 2024 Direct
transaction HNI Common Stock Sale $254,297 -4,611 -5.5% $55.15 78,840 17 Oct 2024 Direct F1, F4
transaction HNI Common Stock Options Exercise $8,453 +164 +0.21% $51.54 79,004 18 Oct 2024 Direct F5
transaction HNI Common Stock Options Exercise $78,322 +1,680 +2.1% $46.62 80,684 18 Oct 2024 Direct F5
holding HNI Common Stock 1,922 16 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 -3,554 -72% $0.000000 1,411 16 Oct 2024 Common Stock 3,554 $51.54 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -14,242 -69% $0.000000 6,291 16 Oct 2024 Common Stock 14,242 $46.62 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -1,247 -88% $0.000000 164 17 Oct 2024 Common Stock 1,247 $51.54 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -4,611 -73% $0.000000 1,680 17 Oct 2024 Common Stock 4,611 $46.62 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -164 -100% $0.000000 0 18 Oct 2024 Common Stock 164 $51.54 Direct
transaction HNI Non-qualifying employee stock option (right to buy) Options Exercise $0 -1,680 -100% $0.000000 0 18 Oct 2024 Common Stock 1,680 $46.62 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 $55.00 - $55.13, 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 is column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 - $55.11, inclusive.
F4 The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.00 - $55.59, inclusive.
F5 This transaction is the second in a two step transaction initiated on October 16, 2024, under the Plan where options were exercised and a portion of the shares received were sold to cover taxes and expenses.