HNI (NYSE: HNI) CFO receives 10,299-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HNI CORP executive Vincent P. Berger reported an equity award of 10,299 shares of Common Stock-equivalent Restricted Stock Units. The grant was made at a price of $0.00 per share under the company’s 2017 Stock-Based Compensation Plan.
The Restricted Stock Units convert into Common Stock in three equal annual installments starting on the first anniversary of the grant date, contingent on Berger’s continued service on each vesting date. Following the award, he directly holds 94,299.492 Common Stock shares and indirectly holds 2,188.771 shares through a Profit-Sharing Retirement Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Berger Vincent P
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,299 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 94,299.492 shares (Direct);
Common Stock — 2,188.771 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
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FAQ
What did HNI (HNI) executive Vincent P. Berger report on this Form 4?
Vincent P. Berger reported an acquisition of 10,299 Restricted Stock Units tied to HNI Common Stock. These units were granted at $0.00 per share as equity compensation under HNI’s 2017 Stock-Based Compensation Plan, reflecting non-cash compensation rather than an open-market stock purchase.
How do Vincent P. Berger’s new HNI Restricted Stock Units vest?
The 10,299 Restricted Stock Units vest in three equal annual installments starting on the first anniversary of the grant date. Each installment is contingent on Berger’s continued service with HNI on the applicable vesting date, aligning his compensation with longer-term employment and company performance.
What plan governs the Restricted Stock Units granted to HNI’s CFO?
The Restricted Stock Units granted to Berger are issued under HNI’s 2017 Stock-Based Compensation Plan. The footnote explains they represent HNI Common Stock subject to conversion and vesting conditions, including three equal annual installments and continued service requirements on each vesting date.
Are all of Vincent P. Berger’s reported HNI holdings directly owned?
No, his holdings are split between direct and indirect ownership. He directly holds 94,299.492 shares of HNI Common Stock and indirectly holds 2,188.771 shares through a Profit-Sharing Retirement Plan, as disclosed in the Form 4’s ownership detail fields.