Executive stock grant at HNI (NYSE: HNI) totals 2,263 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Roch Michael J. reported acquisition or exercise transactions in this Form 4 filing.
HNI Corporation reported that executive Michael J. Roch received an equity grant valued in shares rather than cash. He was awarded 2,263 shares of common stock underlying Restricted Stock Units at a price of $0.00 per share, increasing his direct holdings to 20,037 shares. These RSUs vest in three equal annual installments starting on the first anniversary of the grant date, conditioned on his continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Roch Michael J.
Role
CCO, WP & Health, Kimball Intl
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,037 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HNI (HNI) report for Michael J. Roch?
HNI reported that executive Michael J. Roch received a grant of 2,263 Restricted Stock Units tied to common stock. The award was recorded at $0.00 per share as part of the company’s stock-based compensation plan.
Is the HNI (HNI) Form 4 transaction a stock purchase or an equity award?
The HNI Form 4 reflects an equity award, not an open-market stock purchase. Michael J. Roch acquired 2,263 shares through Restricted Stock Units granted under HNI’s 2017 Stock-Based Compensation Plan at no cash cost per share.
How do the granted Restricted Stock Units at HNI (HNI) vest?
The 2,263 Restricted Stock Units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and continues each year, subject to Michael J. Roch’s continued service on each applicable vesting date.
Under which plan were the HNI (HNI) Restricted Stock Units granted?
The 2,263 Restricted Stock Units were granted under HNI’s 2017 Stock-Based Compensation Plan. This plan allows the company to issue stock-based awards to executives, aligning compensation with long-term performance and share ownership.