HNI Corp (HNI) withholds executive shares to cover RSU tax
Rhea-AI Filing Summary
HNI CORP executive Jason Dean Hagedorn reported share dispositions tied to restricted stock unit vesting, not open-market sales. On February 14, 2026, 813 common shares at $50.03 each were withheld to cover taxes, leaving 36,543.408 directly owned shares.
On February 15, 2026, an additional 971 shares at $50.03 were withheld for tax obligations, reducing his direct holdings to 35,572.408 shares. Footnotes state that in both cases shares were withheld by the issuer to satisfy tax liabilities and that no shares were sold. He also has 1,286.777 shares held indirectly through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 971 | $50.03 | $49K |
| Exercise Price or Tax Liability | Common Stock | 813 | $50.03 | $41K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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.
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FAQ
What did HNI (HNI) executive Jason Dean Hagedorn report in this Form 4?
Hagedorn reported share dispositions related to tax withholding on vested restricted stock units, not market sales. On February 14 and 15, 2026, HNI withheld shares at $50.03 per share to cover taxes when his restricted stock units vested.
What does transaction code F mean in this HNI (HNI) Form 4?
Transaction code F indicates payment of tax liability by delivering securities. In this case, HNI withheld shares from Hagedorn’s RSU vesting to cover taxes, as confirmed by the footnotes stating that no shares were sold.