Rao Radhakrishna S 4
Research Summary
AI-generated summary
HNI (HNI) Chief Info & Digital Officer Withholds Shares for Taxes
What Happened
- Rao Radhakrishna S, Chief Information and Digital Officer at HNI Corp, had restricted stock units vest and the company withheld shares to cover associated taxes. On Feb 14, 2026, 526 shares were withheld at $50.03 ($26,316). On Feb 15, 2026, 551 shares were withheld at $50.03 ($27,567). Total withheld: 1,077 shares for roughly $53,883.
- This was tax withholding on RSU vesting (routine), not an open-market sale or a purchase.
Key Details
- Transaction dates and prices: 2026-02-14: 526 shares @ $50.03 (= $26,316); 2026-02-15: 551 shares @ $50.03 (= $27,567).
- Total withheld: 1,077 shares, ~$53,883.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: F1 and F2 indicate issuer withheld the shares to cover taxes on RSUs that vested on Feb 14 and Feb 15, 2026; "No shares were sold."
- Filing date: Form filed Feb 18, 2026. The filing reports the Feb 14–15 vesting/withholding events.
Context
- Code F indicates tax withholding: the company retained shares to satisfy tax withholding obligations at vesting. This is a routine administrative action and does not signal an insider selling shares on the open market.
- For retail investors: purchases or open-market sales by insiders often carry more interpretive weight. Tax-withholding of vested RSUs is common and typically reflects compensation mechanics rather than a change in insider sentiment.