Roch Michael J. 4

What Happened
Michael J. Roch, Chief Commercial Officer (CCO, WP & Health, Kimball International) of HNI Corp (HNI), was granted 2,263 restricted stock units (RSUs) on February 18, 2026. The reported acquisition price is $0.00 (award/grant), so the filing shows no cash outlay. This is a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-02-18 (reported on Form 4 filed 2026-02-20). Filing appears timely (filed within the required two business days).
• Security: RSUs convertible into Common Stock (grant code A).
• Amount: 2,263 RSUs granted; reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: The grant (F1) indicates RSUs vest in three equal annual installments starting one year after the grant date, contingent on continued service.
• No indication of a 10b5-1 plan, tax-withholding sale, or gift in this report.

Context
RSU grants are a common form of executive compensation meant to retain employees; they do not represent immediately tradable shares until they vest and convert to common stock. Because these are awards, they are not a direct market signal like a purchase or sale—rather they reflect compensation policy and retention incentives. Upon vesting, shares may be subject to tax withholding or sale to cover taxes, which would appear in future filings if executed.