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Routine RSU Award Boosts HNI Insider Stake by 1,202 Shares

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

Rhea-AI Filing Summary

Form 4 snapshot: On 18 June 2025, HNI Corporation (ticker: HNI) filed a Form 4 for Bishop Brandon Bullock III, President of subsidiary The HON Company LLC. The filing discloses an equity award of 1,202 Restricted Stock Units (RSUs) granted on 16 June 2025 under HNI’s 2021 Stock-Based Compensation Plan. The RSUs convert into common shares at no cash cost (price $0) and will vest in three equal annual tranches beginning 12 February 2026, contingent on continued service.

Following the grant, Bullock’s direct beneficial ownership increased to 32,140 common shares. He also holds 509.548 shares indirectly through the company’s Profit-Sharing Retirement Plan, bringing his total reported beneficial position to roughly 32.6 k shares. No sales or option exercises were reported, and there were no derivative security transactions in Table II.

Because the transaction was an equity grant rather than an open-market purchase, it does not inject fresh personal capital but does strengthen pay-for-performance alignment. The award size represents a modest addition relative to both Bullock’s existing stake and HNI’s ~46 m shares outstanding, so market impact is expected to be limited.

Positive

  • Executive equity grant increases insider ownership by 1,202 shares, reinforcing management–shareholder alignment.

Negative

  • None.

Insights

TL;DR: Routine RSU grant; minor ownership uptick, limited market impact.

The Form 4 records a standard annual equity grant to a key operating executive. The 1,202-share RSU award raises direct ownership by roughly 3.9% (from 30,938 to 32,140 shares) but equates to less than 0.01% of HNI’s shares outstanding, so dilution is immaterial. Because no shares were sold and vesting extends to 2028, the filing signals continued alignment yet does not represent insider conviction via open-market buying. From a valuation or liquidity standpoint, the event is neutral to slightly positive and should not drive price action.

Insider Bullock Bishop Brandon III
Role President, The HON Company LLC
Type Security Shares Price Value
Grant/Award Common Stock 1,202 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 32,140 shares (Direct); Common Stock — 509.548 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
Bullock Bishop Brandon III
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, The HON Company LLC
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
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 06/16/2025 A 1,202(1) A $0 32,140 D
Common Stock 509.548 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 2021 Stock-Based Compensation Plan convertible to such Common Stock subject to vesting in three equal annual installments commencing on February 12, 2026, subject to the reporting person's continued service on each applicable vesting date.
Remarks:
/s/ Steven M. Bradford; by Power of Attorney 06/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many HNI (HNI) shares did Bishop Bullock acquire in the latest Form 4?

1,202 RSU-linked common shares were reported as acquired on 16 June 2025.

What is Bishop Bullock's total direct ownership in HNI after the transaction?

His direct stake rose to 32,140 common shares.

When will the newly granted RSUs for HNI vest?

They vest in three equal annual tranches starting 12 February 2026, subject to continued service.

Did the Form 4 report any stock sales or option exercises by Bishop Bullock?

No; the filing only shows an RSU grant with no sales or option activity.

How many HNI shares does Bishop Bullock hold indirectly through benefit plans?

He owns 509.548 shares via the Profit-Sharing Retirement Plan.