HNI Corp (HNI) executive has shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI Corp senior vice president and general counsel Steven M. Bradford reported two tax-related share dispositions tied to restricted stock unit vesting. On February 14, 2026, 597 shares of common stock at $50.03 per share were withheld by the company to cover taxes. On February 15, 2026, an additional 783 shares at $50.03 per share were similarly withheld. Footnotes clarify that no shares were sold; the issuer retained shares to satisfy tax obligations. After these transactions, Bradford directly owned 64,360.0792 common shares and indirectly held 2,829.3690 shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bradford Steven M
Role
Sr. VP, Gen. Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 783 | $50.03 | $39K |
| Tax Withholding | Common Stock | 597 | $50.03 | $30K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,360.079 shares (Direct);
Common Stock — 2,829.369 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
- These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 14, 2026. No shares were sold. These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 15, 2026. No shares were sold.
FAQ
What did HNI (HNI) executive Steven M. Bradford report in this Form 4?
Steven M. Bradford reported two tax-withholding dispositions of HNI common stock related to restricted stock unit vesting. The company withheld shares to cover taxes, and no shares were sold into the market according to the filing footnotes.
What type of transactions are shown in Bradford’s HNI Form 4 filing?
The Form 4 shows tax-withholding dispositions coded as “F,” meaning shares were surrendered to HNI Corp to pay taxes on vested restricted stock units. These are administrative transactions, not open-market purchases or sales of HNI stock.
What role do restricted stock units play in Bradford’s HNI Form 4?
The dispositions stem from restricted stock units that vested on February 14 and 15, 2026. When these RSUs vested, HNI Corp withheld a portion of the resulting shares at $50.03 per share to satisfy Bradford’s tax obligations instead of delivering all shares.