Lorenger Jeffrey D 4

What Happened

• Jeffrey D. Lorenger, President & CEO and a director of HNI Corp (HNI), had restricted stock units vest in mid-February 2026 and the company withheld shares to cover the associated tax withholding. On Feb 14, 2026, 7,054 shares were withheld at $50.03 each (value reported as $352,912). On Feb 15, 2026, 7,682 shares were withheld at $50.03 each (value reported as $384,330). In total 14,736 shares were withheld, representing approximately $737,242.
• These were tax-withholding transactions (code F) tied to RSU vesting — not open-market sales. Footnotes state explicitly that no shares were sold.

Key Details

• Transaction dates and prices:
  • 2026-02-14: 7,054 shares withheld @ $50.03 — $352,912 (Footnote F1: withholding for RSUs vesting 2/14/2026)
  • 2026-02-15: 7,682 shares withheld @ $50.03 — $384,330 (Footnote F2: withholding for RSUs vesting 2/15/2026)
• Total shares withheld: 14,736; aggregate value ≈ $737,242.
• Transaction code: F (shares withheld to cover tax withholding on vested awards).
• Shares owned after the transaction: not specified in the provided filing.
• Filing: Form 4 filed Feb 18, 2026; the filing date is provided in the record — no late-filing flag was indicated in the supplied data.

Context

• Withholding shares to cover taxes is a routine administrative step when RSUs vest and does not represent an intentional sale by the insider. It reduces the insider’s net share count but is not typically interpreted as a bearish signal.
• For retail investors, purchase transactions tend to be more informative about an insider’s confidence. Tax withholding on vested awards is common and usually neutral with respect to company outlook.