HNI COO granted 3,482 restricted stock units
HNI CORP reported that officer Kourtney L. Smith, COO of Kimball International, acquired 3,482 shares of Common Stock through a grant classified as a grant/award acquisition.
Rhea-AI Filing Summary
HNI CORP reported that officer Kourtney L. Smith, COO of Kimball International, acquired 3,482 shares of Common Stock through a grant classified as a grant/award acquisition. These shares represent Common Stock underlying Restricted Stock Units granted at a price of $0.00 per share.
The Restricted Stock Units were granted under HNI's 2017 Stock-Based Compensation Plan and are scheduled to vest in three equal annual installments, beginning on the first anniversary of the grant date, contingent on Smith’s continued service on each vesting date. Following this award, Smith directly owns 39,338 shares of HNI Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,482 | $0.00 | $0.00 |
Footnotes (1)
- F1. Reflects shares of Common Stock of Issuer underlying Restricted Stock Units granted under the Issuer's 2017 Stock-Based Compensation Plan convertible to such Common Stock subject to vesting in three equal annual installments commencing on the first anniversary of the grant date, subject to the reporting person's continued service on each applicable vesting date.
FAQ
What did HNI (HNI) COO Kourtney L. Smith report in this Form 4 filing?
How do the granted Restricted Stock Units for HNI (HNI) COO vest over time?
What type of transaction is reported for HNI (HNI) in this Form 4?
Is Kourtney L. Smith’s ownership in HNI (HNI) direct or indirect after this award?
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