SMITH KOURTNEY L 4
4 · HNI CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
HNI COO Kourtney Smith Receives Stock Award; Shares Withheld
What Happened
Kourtney L. Smith, listed as COO, reported the vesting/award of 8,294 shares (Performance Stock Units) in HNI Corp on February 25, 2026. The award shows an acquisition price of $0.00 (these were vested PSUs). To cover tax withholding upon vesting, 2,468 shares were withheld/disposed at $50.14 per share, totaling $123,746. No open-market sale of shares was reported.
Key Details
- Transaction date: February 25, 2026 (reported on Form 4 filed Feb 27, 2026) — filing appears timely.
- Award: 8,294 shares granted/acquired (acquisition price $0.00).
- Tax withholding (disposition): 2,468 shares at $50.14 = $123,746. (Code F — shares withheld to satisfy tax liability.)
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — these are PSUs granted under the 2017 Stock-Based Compensation Plan on Feb 15, 2023; F2 — withheld shares were withheld by the issuer to cover taxes upon vesting; no shares were sold.
Context
This was a vesting/award event (not an open-market purchase or sale). Withholding shares to cover taxes is a common administrative step and does not necessarily indicate a change in insider sentiment. For derivative awards like PSUs, the reported acquisition price can be $0.00 because the shares resulted from previously granted compensation that vested.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-25+8,294→ 47,632 total - Tax Payment
Common Stock
[F2]2026-02-25$50.14/sh−2,468$123,746→ 45,164 total
Footnotes (2)
- [F1]Reflects shares of Common Stock of Issuer with respect to Performance Stock Units granted under Issuer's 2017 Stock-Based Compensation Plan on February 15, 2023.
- [F2]These shares were withheld by Issuer to cover taxes upon vesting of Performance Stock Units that vested on February 25, 2026. No shares were sold.