Jason Dean Hagedorn - 01 Jan 2022 Form 5 Insider Report for HNI CORP (HNI)

Role
President, Allsteel Inc.
Signature
/s/ Steven M. Bradford, By Power of Attorney
Issuer symbol
HNI
Transactions as of
01 Jan 2022
Net transactions value
+$20,507
Form type
5
Filing time
15 Feb 2022, 14:50:28 UTC
Previous filing
10 Aug 2021
Next filing
15 Feb 2022
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 $31,888 +863 +5.4% $36.95 16,789 12 Feb 2021 Direct F1
transaction HNI Common Stock Tax liability $11,381 -308 -1.8% $36.95 16,481 12 Feb 2021 Direct F2
transaction HNI Common Stock Award $0 +48 +0.29% $0.000000 16,529 31 Mar 2021 Direct F3
transaction HNI Common Stock Award $0 +45 +0.27% $0.000000 16,574 02 Jul 2021 Direct F3
transaction HNI Common Stock Award $0 +50 +0.3% $0.000000 16,624 01 Oct 2021 Direct F3
transaction HNI Common Stock Award $0 +45 +0.27% $0.000000 16,679 31 Dec 2021 Direct F3, F4
holding HNI Common Stock 763 01 Jan 2022 Profit-Sharing Retirement Plan F5

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 Restricted Stock Units Options Exercise $0 -863 -33% $0.000000 1,727 12 Feb 2021 Common Stock 863 $0.000000 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Restricted Stock Units into Common Stock. On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units ("2020 Grant") to vest one-third per year in equal installments beginning on the first anniversary of the grant date. The first installment of 863 fully vested on February 12, 2021.
F2 These shares were withheld by the Issuer to cover taxes upon vesting of the aggregate 555 shares of Common Stock that vested on February 12, 2021 pursuant to the 2020 Grant.
F3 These shares were acquired during the fiscal year under the HNI Corporation Members' Stock Purchase Plan.
F4 The total in column 5 includes reinvested dividends of 8.98 shares.
F5 The total is column 5 includes 179.763 shares acquired under the HNI Corporation Profit-Sharing Retirement Plan.
F6 Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.
F7 On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units, vesting one-third per year in equal installments over a three year period, starting on the first anniversary of the 2020 Grant. The first installment of Restricted Stock Units vested on February 12, 2021. The second installment of Restricted United vested on February 12, 2022. The remaining Restricted Units will vest on February 12, 2023.