Bullock Bishop Brandon III 4

What Happened

• Bullock Bishop Brandon III, Chief Operating Officer of HNI Corporation, received 14,078 shares on February 25, 2026 from vested Performance Stock Units (PSUs). The award shows an acquisition at $0.00 per share (these were granted previously under the company's 2017 Stock-Based Compensation Plan).
• To cover tax withholding on the vesting, 6,075 shares were withheld by the issuer (reported as a disposition at $50.14 per share), representing roughly $304,601. The filing notes no shares were sold on the open market.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely).
• Award (code A): 14,078 shares @ $0.00 (PSUs vested).
• Tax withholding (code F): 6,075 shares @ $50.14 = $304,601 (shares withheld by issuer).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 — these shares relate to PSUs granted 02/15/2023 under the 2017 plan; F2 — shares were withheld to satisfy tax withholding upon vesting; no open-market sale occurred.

Context

• This was a vesting of performance-based equity, not an open-market purchase or sale. The withholding of shares for taxes is a routine administrative step (cashless withholding) and does not necessarily indicate a change in the insider’s market view.