STOCK TITAN

Equity award boosts HNI (NYSE: HNI) CEO’s direct share holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Lorenger Jeffrey D
Role President & CEO
Type Security Shares Price Value
Grant/Award Common Stock 75,061 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 180,284 shares (Direct); Common Stock — 217,054.462 shares (Indirect, By Trust)
Footnotes (1)
  1. [object Object]
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lorenger Jeffrey D

(Last) (First) (Middle)
600 EAST SECOND STREET

(Street)
MUSCATINE IA 52761

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HNI CORP [ HNI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/18/2026 A 75,061(1) A $0 180,284 D
Common Stock 217,054.462 I By Trust
Common Stock 7,674.193 I Profit Sharing Retirement Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Steven M. Bradford; by Power of Attorney 02/20/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did HNI (HNI) CEO Jeffrey Lorenger report in this Form 4 filing?

Jeffrey D. Lorenger reported an award of 75,061 HNI common shares via Restricted Stock Units. These RSUs were granted under the 2017 Stock-Based Compensation Plan and will convert into common stock over time, subject to service-based vesting conditions.

How many HNI (HNI) shares did the CEO acquire in this transaction?

The CEO acquired 75,061 shares of HNI common stock in the form of Restricted Stock Units. These units represent a stock-based award that will settle into shares in three equal annual installments if he continues in service on each vesting date.

What are the vesting terms of the HNI (HNI) CEO’s new Restricted Stock Units?

The 75,061 Restricted Stock Units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and each tranche requires Jeffrey D. Lorenger’s continued service with HNI CORP on the applicable vesting date.

How many HNI (HNI) shares does the CEO hold after this award?

After the award, Jeffrey D. Lorenger directly holds 180,284 HNI common shares. In addition, the filing reports 217,054.462 shares held indirectly by a trust and 7,674.193 shares held indirectly through a profit sharing retirement plan.

Is the HNI (HNI) CEO’s award a purchase or a stock-based grant?

The transaction is a stock-based grant categorized as a Restricted Stock Unit award. It is described as shares of HNI common stock underlying RSUs granted under the 2017 Stock-Based Compensation Plan, rather than an open-market stock purchase.

What plan governs the HNI (HNI) CEO’s new Restricted Stock Units?

The new Restricted Stock Units were granted under HNI CORP’s 2017 Stock-Based Compensation Plan. This plan provides for stock-based awards that convert into common shares over time, subject to vesting conditions tied to the executive’s continued service.