HNI CEO sells 700 shares after option exercise
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
HNI CORP (HNI) reported that President & CEO Jeffrey D. Lorenger exercised employee stock options for a total of 700 shares of common stock at an exercise price of $38.68 per share on August 24, 2026, and sold the same 700 shares at weighted-average prices of about $50.00 per share. The sales were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026. Following these transactions, Lorenger reports indirect holdings of 313,061.462 shares held by a trust and 7,674.193 shares through a Profit Sharing Retirement Plan.
Insider Trade Summary 10b5-1
Exercise and Sale: 700 shares ($8K approx. pre-tax spread)
Exercise and Sale
8 txns
Insider
Lorenger Jeffrey D
Role
President & CEO
Sold
700 shs ($35K)
Approx. gross sale proceeds
$35K
Approx. exercise cost
$27K
Approx. pre-tax spread
$8K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualifying employee stock option (right to buy) | 300 | $0.00 | $0.00 |
| Exercise | Non-qualifying employee stock option (right to buy) | 400 | $0.00 | $0.00 |
| Exercise | Common Stock | 300 | $38.68 | $12K |
| Sale | Common Stock F1, F2 | 300 | $50.0067 | $15K |
| Exercise | Common Stock | 400 | $38.68 | $15K |
| Sale | Common Stock F1, F2 | 400 | $50.0075 | $20K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualifying employee stock option (right to buy) — 75,636 contracts (Direct);
Common Stock — 148,490 shares (Direct);
Common Stock — 313,061.462 shares (Indirect, By Trust);
Common Stock — 7,674.193 shares (Indirect, Profit Sharing Retirement Plan)
Footnotes (2)
- F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.
- F2. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.000 - $50.010, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2 to this Form 4.
Key Figures
Options exercised: 700 shares of Common Stock
Exercise price: $38.68 per share
Shares sold at weighted-average price: 300 shares at $50.0067 per share
+5 more
8 metrics
Options exercised
700 shares of Common Stock
Exercised on August 24, 2026 at $38.68 per share
Exercise price
$38.68 per share
Non-qualifying employee stock options exercised into common stock
Shares sold at weighted-average price
300 shares at $50.0067 per share
Open market or private transaction on August 24, 2026
Additional shares sold at weighted-average price
400 shares at $50.0075 per share
Open market or private transaction on August 24, 2026
Price range of sales
$50.000 - $50.010 per share
Weighted-average sales prices for reported transactions
Indirect trust holdings
313,061.462 shares
Common Stock held indirectly by trust after transactions
Profit Sharing Retirement Plan holdings
7,674.193 shares
Common Stock held indirectly through retirement plan after transactions
Option expiration date
February 14, 2028
Expiration of non-qualifying employee stock options exercised
Key Terms
Non-qualifying employee stock option (right to buy), Rule 10b5-1 plan, weighted average price, Profit Sharing Retirement Plan, +1 more
5 terms
Non-qualifying employee stock option (right to buy) financial
"Security title listed as Non-qualifying employee stock option (right to buy)"
Rule 10b5-1 plan regulatory
"transactions reported were effected pursuant to a Rule 10b5-1 plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price in column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Profit Sharing Retirement Plan financial
"nature_of_ownership Profit Sharing Retirement Plan"
indirect ownership financial
"ownership_type indirect with nature_of_ownership By Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did HNI (HNI) CEO Jeffrey D. Lorenger report in this Form 4?
Jeffrey D. Lorenger reported exercising options for 700 shares of HNI common stock at $38.68 per share and selling 700 shares at weighted-average prices of about $50.00 per share on August 24, 2026, under a Rule 10b5-1 plan.
What option exercise price was reported in the HNI (HNI) Form 4?
The options exercised by Jeffrey D. Lorenger covered 700 shares of HNI common stock at an exercise price of $38.68 per share. These options were originally granted on February 14, 2022, and are scheduled to expire on February 14, 2028.
Were the HNI (HNI) insider stock sales made under a Rule 10b5-1 plan?
Yes. The filing states that the reported transactions were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026, and the Rule 10b5-1 checkbox for the filing is marked as affirmed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
