Smith Brian Scott 4
4 · HNI CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
HNI CORP (HNI) Brian Smith Sells Shares for Tax Withholding
What Happened
Brian Scott Smith, President of Hearth & Home Technologies at HNI Corp, had restricted stock units (RSUs) vest on February 14–15, 2026. To cover tax withholding obligations, the issuer withheld 425 shares on Feb 14 at $50.03 ($21,263) and 555 shares on Feb 15 at $50.03 ($27,767), for a total of 980 shares withheld and approximately $49,030 in value. These were withholding dispositions to satisfy taxes — no open-market sale occurred.
Key Details
- Transaction dates & prices:
- Feb 14, 2026: 425 shares withheld @ $50.03 = $21,263 (code F)
- Feb 15, 2026: 555 shares withheld @ $50.03 = $27,767 (code F)
- Total shares withheld: 980; total value ≈ $49,030.
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 and F2 confirm shares were withheld by the issuer to cover taxes upon RSU vesting; “No shares were sold.”
- Filing: Form 4 filed Feb 18, 2026 (appears to be a routine filing following the vesting).
Context
Tax-withholding on vested RSUs (transaction code F) is a routine disposition and does not indicate an open-market sale or a change in the insider’s view of the company. For retail investors, purchases or voluntary sales are typically more informative about insider sentiment than withholding events.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-14$50.03/sh−425$21,263→ 12,165.756 total - Tax Payment
Common Stock
[F2]2026-02-15$50.03/sh−555$27,767→ 11,610.756 total
- 1,617.573(indirect: Profit-Sharing Retirement Plan)
Common Stock
Footnotes (2)
- [F1]These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 14, 2026. No shares were sold.
- [F2]These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 15, 2026. No shares were sold.