Roch Michael J. 4

What Happened
Michael J. Roch, Chief Commercial Officer of HNI Corp (HNI), had 5,392 shares of common stock acquired on February 25, 2026 in connection with vested Performance Stock Units (PSUs). To cover tax withholding on the vested PSUs, 1,661 shares were withheld by the issuer at an effective withholding value of $50.14 per share (total ~ $83,283). The award shares were reported as acquired at $0.00 because they were issued upon vesting (transaction code A); the withholding is reported under transaction code F.

Key Details

• Transaction date: February 25, 2026 (reported on Form 4 filed Feb 27, 2026).
• Award: 5,392 shares acquired at $0.00 (PSUs vesting).
• Tax withholding: 1,661 shares withheld at $50.14 each, totaling approximately $83,283; no shares were sold to cover taxes (footnote F2).
• Footnote F1: These shares relate to PSUs granted under HNI’s 2017 Stock‑Based Compensation Plan on Feb 15, 2023.
• Shares owned after the transaction: not stated in the provided filing excerpt.
• Filing timeliness: Form 4 filed two days after the transaction date (typical reporting window).

Context
This was a compensation-related vesting of previously granted PSUs, not an open‑market purchase or sale by the insider. The withholding of shares to cover tax liabilities is a routine administrative step and does not indicate an open‑market sale or change in investment stance. Transaction codes: A = award/acquisition on vesting, F = shares withheld for tax liability.