Bradford Steven M 4

What Happened

Steven M. Bradford, Senior Vice President, General Counsel & Secretary of HNI Corp (HNI), received 11,514 shares on February 25, 2026 as the vesting of performance stock units (PSUs). Those shares were granted at $0 (an award). Simultaneously, 5,054 shares were withheld by the company at a reported price of $50.14 to cover tax withholding, yielding a tax-withheld value of $253,408. Footnotes indicate the PSUs were granted under HNI’s 2017 Stock‑Based Compensation Plan on February 15, 2023, and that no shares were sold.

Key Details

• Transaction date: February 25, 2026
• Award (code A): 11,514 shares acquired at $0.00 (performance stock units vested)
• Tax withholding (code F): 5,054 shares withheld at $50.14 = $253,408
• Shares owned after the transaction: not disclosed in this Form 4
• Footnotes:
  • F1: PSUs granted under 2017 Stock‑Based Compensation Plan on Feb 15, 2023
  • F2: Withheld shares to cover taxes upon PSU vesting; no sale of shares
• Filing date: Feb 27, 2026 — filing appears timely for the Feb 25 transaction

Context

• This was an award/vesting event (compensation), not an open‑market purchase or sale by the insider. The withholding is a routine means to pay payroll/tax obligations on vested equity and does not indicate an insider-initiated sale.
• For retail investors, award/vesting transactions signal executive compensation being realized but do not necessarily reflect the insider’s view of the company’s stock.