HNI CORP·4

Feb 27, 10:26 AM ET

Hagedorn Jason Dean 4

Research Summary

AI-generated summary

Updated

HNI President Jason Hagedorn Receives Stock Award; 5,643 Shares Withheld

What Happened

  • Jason Dean Hagedorn, President, Workplace Furnishings at HNI Corp (HNI), received 13,076 shares of common stock on Feb 25, 2026 as the vesting/settlement of performance stock units (acquisition at $0.00).
  • To cover taxes on the vested award, 5,643 shares were withheld by the company (reported as a disposition for tax withholding) at an indicated price of $50.14 per share, representing $282,940. No shares were sold on the open market.

Key Details

  • Transaction date: 2026-02-25. Filing date: 2026-02-27 (appears timely).
  • Award: 13,076 shares acquired (code A) at $0.00.
  • Tax withholding: 5,643 shares withheld (code F) at $50.14, value $282,940.
  • Footnotes: The shares relate to Performance Stock Units granted under HNI’s 2017 Stock-Based Compensation Plan (grant originally noted Feb 15, 2023); withholding occurred upon vesting on Feb 25, 2026.
  • Shares owned after the transaction: not specified in the information provided.

Context

  • This was a vesting/award event—not an open-market purchase or sale. The withholding is a routine, non-market disposition to satisfy tax liabilities (cashless withholding), not an indication that the insider sold shares for investment reasons.
  • For retail investors, awards vesting are common compensation events and generally less informative about near-term insider sentiment than outright purchases or open-market sales.