[Form 4] HNI Corporation Insider Trading Activity

Rhea-AI Filing Summary

Gregory A. Meunier, an officer of HNI Corporation (HNI), reported an award of 354 shares of Common Stock on 08/11/2025 that were recorded as acquisitions at a $0 price and increase his total beneficial ownership to 20,250 shares, held directly. The shares reflect Restricted Stock Units granted under HNI's 2021 Stock-Based Compensation Plan that convert to common stock but vest in three equal annual installments beginning on February 12, 2026, subject to his continued service on each vesting date. The Form 4 was submitted under power of attorney.

Positive

• Officer alignment with shareholders via RSU grant that vests over three years, promoting retention and long-term focus
• No cash outlay for the reporting person (shares recorded at $0), indicating standard compensation rather than insider purchase/sale

Negative

• Vesting is time-based and contingent on continued service, so the economic alignment is delayed until shares vest
• Incremental ownership is modest (354 shares), suggesting limited immediate influence on control or market signaling

Insights

Compensation & Governance Analyst

TL;DR Routine equity compensation grant aligns officer and shareholder interests while vesting ties retention to future service.

The reported transaction is a grant of Restricted Stock Units rather than an open-market purchase or sale, recorded as 354 underlying shares at no cash cost to the officer and increasing direct beneficial ownership to 20,250 shares. Such RSU grants are standard executive compensation that incentivize retention through the three-year vesting schedule starting February 12, 2026. There is no indication in the filing of accelerated vesting, performance conditions, or cash proceeds, and the transaction appears administrative and non-dilutive beyond normal share issuance under the plan.

Equity Markets Specialist

TL;DR Non-market RSU award; minor insider ownership change with limited near-term market impact.

The acquisition is reported as an award of 354 shares under the companys 2021 stock-based plan at a $0 price, typical for restricted units converting to common stock upon vesting. With total direct ownership of 20,250 shares, the incremental amount is modest relative to typical public-company float sizes and is unlikely to move market perceptions. The three-year vesting schedule creates alignment but delays liquidity and market exposure for these shares.

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^*

MEUNIER GREGORY A

(Last) (First) (Middle)

600 E. 2ND 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)
	Ex VP GL Ops, Kimball Intl

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		A		354	A(1)	$0	20,250	D

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	08/29/2025
	** 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.

FAQ

What transaction did HNI insider Gregory A. Meunier report on Form 4?

The filing reports an acquisition of 354 shares of Common Stock recorded at a $0 price, representing Restricted Stock Units under the 2021 plan.

How many HNI shares does Gregory Meunier beneficially own after the reported transaction?

The filing shows 20,250 shares beneficially owned following the reported transaction.

When do the restricted stock units reported for HNI vest?

The RSUs vest in three equal annual installments beginning on February 12, 2026, subject to continued service.

Was there any cash payment for the shares reported by the HNI officer?

No; the shares are reported at a $0 price, consistent with RSUs converting to stock upon vesting.

Does the Form 4 indicate any sale or market transaction by the insider?

No; the Form 4 records an acquisition under an equity compensation plan, not an open-market purchase or sale.