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HNI CORP·4

May 21, 1:13 PM ET

Brown Timothy C. E. 4

Research Summary

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HNI Director Timothy C. E. Brown Receives Stock Awards

What Happened
Timothy C. E. Brown, a director of HNI Corp (HNI), received two non‑market awards on 2026-05-19: 4,786 shares granted under the company's non-employee director equity plan (priced $0.00) and 427 shares acquired at $29.25 each (total $12,490) in lieu of a quarterly board retainer.

Key Details

  • Transaction date(s): 2026-05-19; Form filed 2026-05-21 (appears timely).
  • Transaction codes: A = Award/Grant (non‑market compensation).
  • Awards: 4,786 shares @ $0.00 (restricted award per plan); 427 shares @ $29.25 = $12,490 (in‑lieu of $12,500 quarterly retainer).
  • Plan footnotes: F1 — grants issued under HNI Corporation’s 2017 Equity Plan for Non‑Employee Directors; F2 — 427 shares issued in lieu of quarterly board retainer fees.
  • Shares owned after transaction: Not disclosed in the provided excerpt of the filing.

Context
These transactions are director compensation (stock awards and fee conversion), not open‑market purchases or sales. Such awards are routine for non‑employee directors and reflect compensation policy rather than a direct market signal of insider buying or selling.