Smith Brian Scott 4

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.