Bullock Bishop Brandon III 4

What Happened
Brandon Bullock, Chief Operating Officer of HNI Corporation (HNI), had restricted stock units (RSUs) vest on February 14 and 15, 2026. To satisfy tax withholding obligations, the issuer withheld 872 shares on Feb 14 at $50.03/share ($43,626) and 1,032 shares on Feb 15 at $50.03/share ($51,631), for a total of 1,904 shares withheld and $95,257 in value. These were tax-withholding dispositions (code F), not open-market sales.

Key Details

• Transaction dates and prices:
  • Feb 14, 2026: 872 shares withheld @ $50.03 = $43,626 (F)
  • Feb 15, 2026: 1,032 shares withheld @ $50.03 = $51,631 (F)
• Total withheld: 1,904 shares, total value $95,257.
• Filing: Form 4 filed Feb 18, 2026 (reporting period begins Feb 14, 2026).
• Footnotes: F1/F2 state shares were withheld by the issuer to cover taxes upon RSU vesting; no shares were sold.
• Shares owned after the transaction: not reported in the provided data.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and is coded as "F" on the Form 4. It reduces the insider's outstanding shares via issuer withholding rather than indicating an open-market sale or change in sentiment. For retail investors, purchases or open-market insider buys tend to be more informative than tax-withhold transactions like this.