HNI (HNI) CEO Jeffrey D. Lorenger Exercises Options, Sells Shares

What Happened

• Jeffrey D. Lorenger, President & CEO and Director of HNI Corporation, exercised a total of 47,084 option-based derivative awards and immediately sold those 47,084 shares.
• Exercises: 47,084 shares exercised at $38.68 per share for a total cash cost of $1,821,209.
• Sales: the 47,084 shares were sold in open-market transactions for aggregate proceeds of $2,358,206 (approx. $50.09 per share average), producing roughly $537,000 in gross proceeds before taxes/fees.
• These transactions are essentially a cashless exercise (exercise followed by sale) rather than an outright purchase intended to add to the insider’s long-term holdings.

Key Details

• Dates: transactions occurred on 2026-08-26 and 2026-08-27.
• Exercise price: $38.68 per share. Sale weighted averages and ranges: reported weighted prices (grouped) and ranges were $50.00–$50.33, $50.000–$50.250, and $50.000–$50.270 per footnotes; overall weighted avg ≈ $50.09.
• Totals: 47,084 shares exercised and 47,084 shares sold; exercise cost ≈ $1,821,209; sale proceeds ≈ $2,358,206.
• Footnotes: F1 — transactions were effected under a Rule 10b5-1 trading plan adopted Feb 27, 2026. F2–F4 — sale prices are weighted averages; reporting person will provide per-price breakdown on request.
• Post-transaction holdings: the filing information provided does not state the insider’s shares owned after these transactions.
• Filing timeliness: no late filing was indicated in the provided information.

Context

• This is a routine cashless exercise and sale under a pre-established 10b5-1 plan; such activity is commonly used to satisfy option exercise obligations or diversify, and does not necessarily indicate a change in the insider’s view of the company.
• For retail investors: exercises followed by immediate sales convert option value to cash for the insider; purchases (true buys that increase holdings) typically carry more bullish signal than planned exercises followed by sales.