HNI (HNI) executive has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI CORP President, Hearth & Home Tech Brian Scott Smith reported routine equity activity related to restricted stock units. On February 14 and 15, 2026, a total of 980 common shares were withheld by the company at about $50.03 per share to cover tax obligations upon RSU vesting, and the footnotes state that no shares were sold. After these tax-withholding dispositions, he directly owned 11,610.7563 common shares and indirectly held 1,617.573 shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Smith Brian Scott
Role
President, Hearth & Home Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 555 | $50.03 | $28K |
| Tax Withholding | Common Stock | 425 | $50.03 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,610.756 shares (Direct);
Common Stock — 1,617.573 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 transactions did HNI (HNI) executive Brian Scott Smith report?
Brian Scott Smith reported two tax-withholding dispositions tied to restricted stock units. On February 14 and 15, 2026, HNI withheld 425 and 555 common shares, respectively, to satisfy tax liabilities upon vesting, with footnotes clarifying that no shares were actually sold.
What does transaction code F mean in the HNI (HNI) Form 4 filing?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this case, HNI withheld common shares when restricted stock units vested on February 14 and 15, 2026, to satisfy taxes, and the footnotes confirm no shares were sold.
How are indirect HNI (HNI) holdings reported for Brian Scott Smith?
Indirect holdings are reported separately as shares held through another vehicle. The Form 4 shows 1,617.573 HNI common shares held indirectly for Brian Scott Smith via a Profit-Sharing Retirement Plan, distinct from his directly owned 11,610.7563 shares after the reported transactions.