HNI (HNI) director Larry Porcellato granted 4,786 shares under equity and deferred comp plans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porcellato Larry B reported acquisition or exercise transactions in this Form 4 filing.
HNI CORP director Larry B. Porcellato received a grant of 4,786 shares of Common Stock on May 19, 2026. The shares were awarded under HNI Corporation's 2017 Equity Plan for Non-Employee Directors and carry no purchase price, reflecting stock-based compensation rather than an open-market buy.
After this award, Porcellato directly holds a total of 46,418.5815 shares, which includes 767.0775 shares credited through reinvested dividends under the HNI Corporation Directors Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Porcellato Larry B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,786 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 46,418.582 shares (Direct, null)
Footnotes (1)
- These shares were granted to the reporting person under HNI Corporation's 2017 Equity Plan for Non-Employee Directors. The total in column 5 includes reinvested dividends of 767.0775 shares acquired by the reporting person under the HNI Corporation Directors Deferred Compensation Plan.
Key Figures
Shares granted: 4,786 shares
Grant price: $0.00 per share
Total shares after transaction: 46,418.5815 shares
+1 more
4 metrics
Shares granted
4,786 shares
Common Stock grant on May 19, 2026 under 2017 Equity Plan for Non-Employee Directors
Grant price
$0.00 per share
Equity compensation award, not an open-market purchase
Total shares after transaction
46,418.5815 shares
Direct holdings following the grant
Reinvested dividend shares
767.0775 shares
Acquired under HNI Corporation Directors Deferred Compensation Plan and included in total holdings
Key Terms
2017 Equity Plan for Non-Employee Directors, Directors Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
2017 Equity Plan for Non-Employee Directors financial
"These shares were granted to the reporting person under HNI Corporation's 2017 Equity Plan for Non-Employee Directors."
Directors Deferred Compensation Plan financial
"The total in column 5 includes reinvested dividends of 767.0775 shares acquired by the reporting person under the HNI Corporation Directors Deferred Compensation Plan."
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did HNI (HNI) director Larry B. Porcellato report in this Form 4?
Larry B. Porcellato reported receiving a grant of 4,786 shares of HNI Common Stock. The award was made under HNI Corporation's 2017 Equity Plan for Non-Employee Directors as stock-based compensation, not an open-market purchase, and increased his directly held share balance.
What are Larry B. Porcellato’s total HNI holdings after this transaction?
After the grant, Porcellato directly holds 46,418.5815 HNI shares. This total includes 767.0775 shares attributed to reinvested dividends under the HNI Corporation Directors Deferred Compensation Plan, in addition to the newly granted 4,786 Common Stock shares.
Which HNI plans are referenced in Larry B. Porcellato’s Form 4 filing?
The filing references HNI Corporation's 2017 Equity Plan for Non-Employee Directors and the HNI Corporation Directors Deferred Compensation Plan. The first governs the 4,786-share grant, while the second accounts for 767.0775 shares from reinvested dividends included in his total holdings.