Petersen Jennifer Sue 4
Research Summary
AI-generated summary
HNI VP Jennifer Petersen Withholds 416 Shares for Taxes
What Happened
Jennifer Sue Petersen, Vice President, Member Relations at HNI Corp, reported a tax-withholding transaction (Code F) tied to vested restricted stock units (RSUs). On Feb 12, 2026, 416 shares were withheld by the issuer at $51.72 per share to cover taxes, a value of approximately $21,516. The filing notes that no shares were sold.
Key Details
- Transaction date: 2026-02-12; withholding price: $51.72 per share; total value: $21,516.
- Transaction type/code: F — shares withheld to satisfy tax withholding on vested RSUs (not a sale).
- Footnote F1: Shares were withheld by the issuer to cover taxes upon RSU vesting on Feb 12, 2026; no open-market sale occurred.
- Footnote F2: The filing indicates 120.86 shares were acquired under the HNI Profit-Sharing Retirement Plan and included in the reported total.
- Filing date: 2026-02-17 — filed five days after the transaction (later than the usual 2-business-day Form 4 window).
Context
Withholdings to cover taxes on vested RSUs are routine and do not necessarily indicate a decision to sell shares. This was a tax-withholding action (cashless share retention by the issuer), not an open-market sale. Retail investors should view this as an administrative transaction; note the filing was submitted after the standard two-day reporting window.