HNI (HNI) executive receives 6,130-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI CORP executive Jason Dean Hagedorn, President of Workplace Furnishings, reported an equity award of Common Stock. He acquired 6,130 shares through a grant of restricted stock units at a price of $0.00 per share. These units convert into Common Stock in three equal annual installments starting on the first anniversary of the grant date, as long as he remains in service with the company on each vesting date.
After this award, Hagedorn directly holds 41,702.408 Common Shares and indirectly holds 1,286.777 Common Shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hagedorn Jason Dean
Role
Pres, Workplace Furnishings
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,130 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,702.408 shares (Direct);
Common Stock — 1,286.777 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
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FAQ
What insider transaction did HNI (HNI) report for Jason Dean Hagedorn?
HNI reported that executive Jason Dean Hagedorn received a grant of 6,130 restricted stock units at $0.00 per share. The units convert into Common Stock over time, increasing his equity-based compensation stake in the company.
How do the newly granted HNI (HNI) restricted stock units vest?
The 6,130 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and requires Hagedorn’s continued service with HNI on each scheduled vesting date.
Was the HNI (HNI) insider award to Jason Dean Hagedorn an open-market purchase?
No, the transaction was a grant or award acquisition, not an open-market purchase. The Form 4 shows a transaction price of $0.00 per share, indicating equity compensation issued under HNI’s 2017 Stock-Based Compensation Plan.
Under which plan were HNI (HNI) restricted stock units granted to Jason Dean Hagedorn?
The restricted stock units were granted under HNI’s 2017 Stock-Based Compensation Plan. The footnote explains they are convertible into Common Stock, subject to the plan’s terms and the specified time-based vesting schedule.