HNI executive has shares withheld for taxes
HNI Corp executive Brian S. Smith reported a routine tax‑related share withholding by the company, not an open‑market sale.
Rhea-AI Filing Summary
HNI Corp executive Brian S. Smith reported a routine tax‑related share withholding by the company, not an open‑market sale. On 01/19/2026, 16.5444 shares of HNI common stock were withheld by the issuer at a price of $47.19 per share to cover taxes on a distribution of deferred shares from an Executive Deferred Compensation Plan, and the filing states that no shares were sold. After this withholding, Smith directly beneficially owned 13,225.7563 HNI common shares and indirectly held 1,617.573 shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 16.5444 | $47.19 | $780.73 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. These shares were withheld by Issuer for payment of the tax liability incurred upon the distribution of deferred shares to the reporting person held in an Executive Deferred Compensation Plan. No shares were sold.
FAQ
What insider transaction did HNI (HNI) report for Brian S. Smith?
The filing shows that on 01/19/2026, 16.5444 shares of HNI common stock were withheld by the issuer to pay taxes on a distribution of deferred shares from an Executive Deferred Compensation Plan. The footnote clarifies that no shares were sold.
What does transaction code "F" mean in the HNI (HNI) Form 4?
The transaction is coded "F", which in this context corresponds to shares withheld by the issuer to satisfy a tax obligation arising from a distribution of deferred shares, as described in the footnote.
What role does Brian S. Smith hold at HNI (HNI)?
Brian S. Smith is reported as an officer of HNI Corp, serving as President, Hearth & Home Tech, and he filed this Form 4 as a single reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.