HNI (NYSE: HNI) awards 2,842 restricted stock units to executive
Rhea-AI Filing Summary
HNI Corporation reported that executive Gregory A. Meunier acquired 2,842 shares of common stock in the form of restricted stock units under the company’s 2017 Stock-Based Compensation Plan. These units will convert into common shares in three equal annual installments starting one year after the grant date, contingent on his continued service. Following this grant, he holds 21,842 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,842 shares
Net Buy
1 txn
Insider
MEUNIER GREGORY A
Role
Ex VP GL Ops, Kimball Intl
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,842 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 21,842 shares (Direct)
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.
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FAQ
What did HNI (HNI) report in this Form 4 filing?
HNI reported that executive Gregory A. Meunier received 2,842 restricted stock units of common stock as a grant under the 2017 Stock-Based Compensation Plan, increasing his directly held common stock position to 21,842 shares after the transaction.
How do the new restricted stock units for HNI (HNI) vest?
The 2,842 restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. Each installment is subject to Gregory A. Meunier’s continued service with HNI on the applicable vesting date.
Was the HNI (HNI) stock grant to Gregory A. Meunier a purchase?
No, it was not an open-market purchase. The Form 4 shows a grant coded as an award acquisition, meaning the 2,842 shares were granted as equity compensation rather than bought for cash on a stock exchange.