Form 4: Berger Vincent P reports disposition transactions in HNI
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Berger Vincent P reported disposition transactions in a Form 4 filing for HNI. The filing lists transactions totaling 1,404 shares at a weighted average price of $51.72 per share. Following the reported transactions, holdings were 87,063 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Berger Vincent P
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,404 | $51.72 | $73K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 87,063.492 shares (Direct);
Common Stock — 2,188.771 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did HNI (HNI) report for Vincent P. Berger?
HNI reported that EVP and CFO Vincent P. Berger had 1,404 common shares withheld to cover tax obligations on vested restricted stock units. The company clarifies in the footnotes that no shares were actually sold in the market during this transaction.
Was the HNI (HNI) insider Form 4 transaction a stock sale?
The filing states it was not a sale. The 1,404 HNI common shares were withheld by the issuer solely to satisfy tax liabilities from vesting restricted stock units, and the explanatory footnote explicitly notes that no shares were sold into the market.
What does transaction code "F" mean in the HNI (HNI) Form 4?
Transaction code “F” in this Form 4 indicates payment of a tax liability by delivering securities. Here it reflects issuer share withholding to cover taxes on vesting restricted stock units, rather than an open-market purchase or sale by the executive.
How is indirect ownership reported for HNI (HNI) in this filing?
The filing shows 2,188.771 HNI common shares as indirectly owned by Vincent P. Berger through a profit-sharing retirement plan. This is marked with indirect ownership code “I” and identified in the Form 4 table under nature of indirect beneficial ownership.