Hagedorn Jason Dean 4
Research Summary
AI-generated summary
HNI Corp (HNI) President Jason Hagedorn Withholds Shares for Taxes
What Happened
- Jason Dean Hagedorn, President — Workplace Furnishings at HNI Corp (HNI), had restricted stock units (RSUs) vest on Feb 14 and Feb 15, 2026. To cover tax withholding obligations, the issuer withheld 813 shares on Feb 14 and 971 shares on Feb 15 (total 1,784 shares) at a reported per‑share value of $50.03. The withholding values were $40,674 and $48,579 respectively (about $89,253 combined). According to the footnotes, these were tax withholdings by the issuer; no shares were sold on the open market.
Key Details
- Transaction dates and per‑share price: Feb 14, 2026 — 813 shares @ $50.03 ($40,674); Feb 15, 2026 — 971 shares @ $50.03 ($48,579).
- Total shares withheld: 1,784; total value withheld: approx. $89,253.
- Shares owned after the transactions: not disclosed in the information provided in this summary (check the full Form 4 for "Owned following reported transaction" if needed).
- Footnotes: F1/F2 state shares were withheld by the issuer to cover taxes on RSUs that vested on those dates; explicitly note that no shares were sold.
- Filing: Form 4 was filed Feb 18, 2026 reporting the Feb 14–15 vestings; the provided filing does not indicate a late filing.
Context
- These transactions are tax withholdings (transaction code F) tied to RSU vesting — a routine administrative action by the company to satisfy tax obligations. This is not the same as an open‑market sale by the insider, and does not directly indicate a change in the insider’s investment view. Purchases or open‑market sales typically carry more interpretive weight for investor sentiment.