HNI (NYSE: HNI) COO receives 6,856-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI Corporation Chief Operating Officer Bishop Brandon Bullock reported an equity award of 6,856 shares of Common Stock, received as restricted stock units at a price of $0.00 per share. These units were granted under HNI’s 2017 Stock-Based Compensation Plan and convert into common shares in three equal annual installments beginning on the first anniversary of the grant date, assuming he remains in service on each vesting date. After this grant, he directly holds 36,096 shares and indirectly holds 598.598 shares through a profit-sharing retirement plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Bullock Bishop Brandon III
Role
COO, HNI Corporation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,856 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 36,096 shares (Direct);
Common Stock — 598.598 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
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FAQ
What insider transaction did HNI (HNI) COO Bishop Brandon Bullock report?
HNI’s COO Bishop Brandon Bullock reported receiving 6,856 restricted stock units that convert into Common Stock. The units were granted at $0.00 under the 2017 Stock-Based Compensation Plan and vest in three equal annual installments starting one year after the grant date, contingent on continued service.
What are the vesting terms of the COO’s new HNI restricted stock units?
The 6,856 restricted stock units vest in three equal annual installments, beginning on the first anniversary of the grant date. Each vesting installment requires the COO’s continued service with HNI on the applicable vesting date, aligning the award with ongoing employment and long-term company performance.
Under which plan were the HNI (HNI) restricted stock units granted to the COO?
The award was granted under HNI Corporation’s 2017 Stock-Based Compensation Plan. This plan authorizes equity-based compensation such as restricted stock units, which in this case convert into Common Stock over time subject to multi-year vesting and the executive’s continued service at the company.