HNI (NYSE: HNI) CFO receives stock award, withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI Corporation’s Executive Vice President and Chief Financial Officer, Vincent P. Berger, reported equity compensation activity in the company’s common stock. He acquired 23,240 shares at a price of $0.00 per share through a grant or award tied to previously granted performance stock units.
On the same date, 10,029 shares of common stock were disposed of at $50.14 per share to cover tax obligations upon vesting, and the footnotes clarify that no shares were sold on the open market. After these transactions, Berger directly owned 107,510.492 shares of common stock and indirectly held 2,188.771 shares through a profit-sharing retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Berger Vincent P
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,240 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,029 | $50.14 | $503K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 117,539.492 shares (Direct);
Common Stock — 2,188.771 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
- Reflects shares of Common Stock of Issuer with respect to Performance Stock Units granted under Issuer's 2017 Stock-Based Compensation Plan on February 15, 2023. These shares were withheld by Issuer to cover taxes upon vesting of Performance Stock Units that vested on February 25, 2026. No shares were sold.
FAQ
What insider stock transactions did HNI (HNI) CFO Vincent Berger report?
HNI CFO Vincent P. Berger reported receiving a 23,240‑share stock award and a related 10,029‑share share disposal to cover taxes. The tax withholding used shares rather than a market sale, according to the disclosure footnotes.
What was the size and nature of the HNI (HNI) stock award to the CFO?
The CFO received a 23,240‑share award of HNI common stock at $0.00 per share. Footnotes explain it reflects common shares deliverable under performance stock units granted under HNI’s 2017 Stock-Based Compensation Plan on February 15, 2023, now vesting into stock.