Lorenger Jeffrey D 4

What Happened

Jeffrey D. Lorenger, President & CEO and a director of HNI Corporation (HNI), had 7,180 shares withheld by the company on February 12, 2026 to cover tax liabilities related to restricted stock units that vested that day. The withholding price was $51.72 per share, for a gross value of approximately $371,350. According to the filing, no shares were sold on the open market — this was a tax-withholding disposition, not a sale.

Key Details

• Transaction date: February 12, 2026
• Action: Shares withheld to cover taxes on RSU vesting (transaction code F = tax withholding)
• Shares withheld: 7,180 at $51.72 per share; total value ≈ $371,350
• Footnote F1: Shares were withheld by the issuer to cover taxes upon vesting of RSUs; no shares were sold.
• Footnote F2: The reported post-transaction beneficial ownership total includes 296.668 shares held under the HNI Corporation Profit-Sharing Retirement Plan.
• Filing date: Form 4 filed February 17, 2026 (covers the Feb 12, 2026 vesting). No late-filing flag (transactionTimeliness = 'L') was indicated in the summary provided.

Context

Withholding shares to cover taxes upon RSU vesting is a routine administrative step and not an open-market sale or purchase; it generally does not signal a change in an insider’s view of the company. For retail investors, purchases by insiders tend to be more informative than routine withholding events like this one.