HNI (HNI) tech chief reports RSU tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI CORP Chief Info and Digital Officer Radhakrishna S. Rao reported share dispositions tied to restricted stock unit vesting, not open-market sales. The company withheld 526 shares on February 14, 2026 and 551 shares on February 15, 2026 to cover taxes. Rao now directly holds 17,604.6602 common shares and indirectly holds 2,539.431 shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Rao Radhakrishna S
Role
Chief Info and Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 551 | $50.03 | $28K |
| Tax Withholding | Common Stock | 526 | $50.03 | $26K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,604.66 shares (Direct);
Common Stock — 2,539.431 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
- These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 14, 2026. No shares were sold. These shares were withheld by Issuer to cover taxes upon vesting of restricted stock units that vested on February 15, 2026. No shares were sold.
FAQ
What insider transaction did HNI (HNI) report for Radhakrishna S. Rao?
HNI reported that Chief Info and Digital Officer Radhakrishna S. Rao had common shares withheld to pay taxes on vested restricted stock units. These were Form 4 code F transactions, indicating tax-withholding dispositions rather than open-market purchases or sales of HNI stock.
What does transaction code F mean in HNI’s Form 4 for Rao?
Transaction code F on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. In Rao’s case, it reflects HNI withholding common shares that resulted from restricted stock units vesting, specifically to cover associated tax obligations on those equity awards.
How is Rao’s indirect ownership in HNI stock structured?
Rao’s indirect ownership is through a Profit-Sharing Retirement Plan, which holds 2,539.431 HNI common shares on his behalf. The filing classifies this as indirect ownership, separate from his directly held 17,604.6602 shares, providing clarity on how his total stake is structured.