Berger Vincent P 4
Research Summary
AI-generated summary
HNI CFO Vincent Berger Withholds Shares for Taxes
What Happened
- Vincent P. Berger, Chief Financial Officer of HNI Corp (HNI), had restricted stock units vest on February 14 and 15, 2026. To cover tax withholding obligations, the issuer withheld 1,391 shares on 2/14 and 1,672 shares on 2/15, each at an effective price of $50.03 — totals of $69,592 and $83,650 respectively (combined ~3,063 shares / $153,242). These were tax-withholding dispositions by the issuer, not open-market sales.
Key Details
- Transaction type/code: Tax withholding upon RSU vesting (code F).
- Dates & amounts: 2/14/2026 — 1,391 shares @ $50.03 = $69,592 (F1); 2/15/2026 — 1,672 shares @ $50.03 = $83,650 (F2).
- Combined: 3,063 shares withheld, ~ $153,242 value.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 and F2 state the issuer withheld shares to cover taxes on vested RSUs; no shares were sold on the open market.
- Filing: Form 4 filed Feb 18, 2026 (filing date shown in the record).
Context
- This was a routine tax-withholding action tied to RSU vesting, not an insider selling shares in the open market. Such withholdings are administrative and do not necessarily indicate the insider’s view of the stock. For investors tracking insider activity, purchases are generally more informative than tax-withholdings or routine disposals.