HNI director receives stock awards under equity plan
HNI CORP director Timothy C. E. Brown reported two stock awards of common shares.
Rhea-AI Filing Summary
HNI CORP director Timothy C. E. Brown reported two stock awards of common shares. He acquired 349 shares at $50.14 per share under the 2017 Equity Plan for Non-Employee Directors in lieu of a $17,500 quarterly board retainer, and a separate award of 1,080 shares at the same price under the same plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,429 shares
Grant/Award
2 txns
Insider
Brown Timothy C. E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 349 | $50.14 | $17K |
| Grant/Award | Common Stock | 1,080 | $50.14 | $54K |
Holdings After Transaction:
Common Stock — 1,487 shares (Direct)
Footnotes (2)
- F1. These shares were acquired by the reporting person under the Corporation's 2017 Equity Plan for Non-Employee Directors in lieu of quarterly board retainer fees of $17,500.
- F2. These shares were acquired by the reporting person under the Corporation's 2017 Equity Plan for Non-Employee Directors.
FAQ
What insider transactions did HNI (HNI) director Timothy C. E. Brown report?
Timothy C. E. Brown reported acquiring HNI common shares through two stock awards. One grant was 349 shares and the other was 1,080 shares, both at $50.14 per share, under HNI’s 2017 Equity Plan for Non-Employee Directors.
What is the value of the HNI (HNI) director fee paid in stock?
The filing states that 349 shares were issued instead of a cash quarterly board retainer of $17,500. This means Brown chose to receive that portion of his director compensation in HNI common stock rather than in cash.
Under what plan were the HNI (HNI) stock awards to the director granted?
Both stock awards were granted under HNI’s 2017 Equity Plan for Non-Employee Directors. One 349-share grant was explicitly in lieu of a $17,500 quarterly board retainer, and the second 1,080-share grant was also issued under this equity compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.