HNI CEO granted 75,061 restricted stock units
HNI CORP President & CEO Jeffrey D. Lorenger received an equity award of 75,061 shares of common stock in the form of Restricted Stock Units under the company’s 2017 Stock-Based Compensation Plan.
Rhea-AI Filing Summary
HNI CORP President & CEO Jeffrey D. Lorenger received an equity award of 75,061 shares of common stock in the form of Restricted Stock Units under the company’s 2017 Stock-Based Compensation Plan. These RSUs convert into common stock in three equal annual installments starting on the first anniversary of the grant date, contingent on his continued service.
Following this grant, Lorenger directly holds 180,284 common shares. The filing also reports indirect holdings of 217,054.462 shares held by a trust and 7,674.193 shares held through a profit sharing retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 75,061 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Reflects shares of Common Stock of Issuer underlying Restricted Stock Units granted under the Issuer's 2017 Stock-Based Compensation Plan convertible to such Common Stock subject to vesting in three equal annual installments commencing on the first anniversary of the grant date, subject to the reporting person's continued service on each applicable vesting date.
FAQ
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What did HNI (HNI) CEO Jeffrey Lorenger report in this Form 4 filing?
What are the vesting terms of the HNI (HNI) CEO’s new Restricted Stock Units?
Is the HNI (HNI) CEO’s award a purchase or a stock-based grant?
What plan governs the HNI (HNI) CEO’s new Restricted Stock Units?
AI-generated analysis. How Rhea-AI works. Not financial advice.