HNI CEO Lorenger (NYSE: HNI) exercises options, sells 45,850 shares
Rhea-AI Filing Summary
HNI Corporation President & CEO Jeffrey D. Lorenger exercised 45,850.0000 stock options at $46.6200 per share on August 3, 2026, receiving an equal number of common shares, then sold 45,850.0000 shares at weighted-average prices of $47.4800 and $47.7800 pursuant to a Rule 10b5-1 plan adopted on February 27, 2026. On March 17, 2026, he contributed 96,007.0000 shares to a revocable trust for the benefit of himself and his family and reports indirect holdings of 313,061.4620 shares by that trust plus 7,674.1930 shares through a profit sharing retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 45,850 shares ($43K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Lorenger Jeffrey D
Role
President & CEO
Sold
45,850 shs ($2.18M)
Approx. gross sale proceeds
$2.18M
Approx. exercise cost
$2.14M
Approx. pre-tax spread
$43K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-qualifying employee stock option (right to buy) | 45,850 | $0.00 | $0.00 |
| Exercise | Common Stock | 45,850 | $46.62 | $2.14M |
| Sale | Common Stock F2, F3 | 35,232 | $47.48 | $1.67M |
| Sale | Common Stock F2, F4 | 10,618 | $47.78 | $507K |
| Gift | Common Stock F1 | 96,007 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-qualifying employee stock option (right to buy) — 0 shares (Direct);
Common Stock — 148,490 shares (Direct);
Common Stock — 313,061.462 shares (Indirect, By Trust);
Common Stock — 7,674.193 shares (Indirect, Profit Sharing Retirement Plan)
Footnotes (4)
- F1. Represents the contribution of these shares to a revocable trust for the benefit of the reporting person, and the reporting person's spouse and children on March 17, 2026.
- F2. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.
- F3. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.650 - $47.645, inclusive. The reporting person undertakes to provide HNI Corporation, any security holder of HNI Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 2 and 3 to this Form 4.
- F4. The price in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.65 - $48.11, inclusive.
Key Figures
Stock options exercised: 45850.0000 shares
Exercise price: 46.6200 USD per share
Shares sold at $47.4800: 35232.0000 shares
+4 more
7 metrics
Stock options exercised
45850.0000 shares
Non-qualifying employee stock options exercised into common stock on August 3, 2026 at $46.6200 per share
Exercise price
46.6200 USD per share
Conversion or exercise price for 45,850.0000 options granted February 15, 2021 and expiring February 15, 2027
Shares sold at $47.4800
35232.0000 shares
Portion of common stock sold on August 3, 2026 at a weighted-average price of $47.4800 per share
Shares sold at $47.7800
10618.0000 shares
Additional common stock sold on August 3, 2026 at a weighted-average price of $47.7800 per share
Gifted to revocable trust
96007.0000 shares
Bona fide gift on March 17, 2026, contributed to a revocable trust for the reporting person and family
Indirect trust holdings
313061.4620 shares
Common stock held indirectly "By Trust" reported as of March 17, 2026
Retirement plan holdings
7674.1930 shares
Common stock held indirectly through a Profit Sharing Retirement Plan
Key Terms
Non-qualifying employee stock option (right to buy), Rule 10b5-1 plan, weighted average price, bona fide gift, +1 more
5 terms
Non-qualifying employee stock option (right to buy) financial
"Security title: Non-qualifying employee stock option (right to buy)"
Rule 10b5-1 plan financial
"The transactions reported were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price in column 4 is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
bona fide gift financial
"Transaction code description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"Represents the contribution of these shares to a revocable trust for the benefit of the reporting person..."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did HNI (HNI) CEO Jeffrey Lorenger report in this Form 4?
HNI CEO Jeffrey Lorenger reported exercising 45,850.0000 stock options at $46.6200 per share, receiving common stock, then selling 45,850.0000 shares at $47.4800 and $47.7800, plus contributing 96,007.0000 shares to a revocable trust and reporting indirect holdings.
How many HNI (HNI) stock options did Jeffrey Lorenger exercise and at what price?
Jeffrey Lorenger exercised 45,850.0000 non-qualifying employee stock options, each with an exercise price of $46.6200 per share. These options, originally granted on February 15, 2021 and expiring February 15, 2027, were converted into an equal number of HNI common shares on August 3, 2026.
What indirect HNI (HNI) holdings does Jeffrey Lorenger report after these transactions?
Lorenger reports indirect ownership of 313,061.4620 HNI shares held "By Trust" and an additional 7,674.1930 shares through a Profit Sharing Retirement Plan. These positions reflect shares held through entities rather than directly in his own name.