Petersen Jennifer Sue 4

What Happened

• Jennifer Sue Petersen, VP, Member Relations at HNI Corp (HNI), received an award of 5,020 common shares on Feb 25, 2026 related to vested Performance Stock Units (PSUs). The shares were issued at $0.00 as an award.
• To satisfy tax withholding on the vesting, 2,166 of those shares were withheld (disposed) at an implied value of $50.14 per share, totaling $108,603. No shares were sold on the open market; the withholding was solely to cover taxes. Net shares delivered to Petersen = 5,020 − 2,166 = 2,854.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
• Award: 5,020 shares (code A) issued as settlement of PSUs granted under the 2017 Stock-Based Compensation Plan (original PSU grant dated Feb 15, 2023) — footnote F1.
• Withholding: 2,166 shares withheld to cover taxes upon vesting (code F); withholding price/value reported as $50.14/share, total $108,603 — footnote F2 clarifies no open-market sale occurred.
• Shares owned after transaction: filing excerpt does not state total beneficial ownership; net increase in shares received by insider = 2,854.

Context

• This was a routine PSU vesting and tax-withholding transaction, not an open-market sale or purchase. Tax withholding on vested equity is common and does not necessarily indicate insider sentiment about the stock.
• For retail investors, awards add to insider ownership but are different from purchases (which are often interpreted more strongly).