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HNI (HNI) Form 4: Jason Hagedorn Adds 1,122 Shares via RSUs

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

Rhea-AI Filing Summary

HNI Corporation (HNI) – Form 4 insider transaction

On 16 June 2025, Jason Dean Hagedorn, President of subsidiary Allsteel LLC, was granted 1,122 restricted stock units (RSUs) that convert one-for-one into common stock. The award carries a $0 acquisition price and vests in three equal annual tranches starting 12 February 2026, contingent on continued service. After this grant, Hagedorn’s direct ownership rises to 38,161.9349 shares, while he also holds 1,177.5 shares indirectly through the Profit-Sharing Retirement Plan.

No open-market purchases, sales, or option exercises were disclosed. The filing reflects routine equity-based compensation and does not signal near-term trading intentions or materially affect the company’s capital structure.

Positive

  • Alignment of interests: Three-year vesting schedule incentivises executive retention and long-term value creation.
  • Increase in insider stake: Direct holdings rise to over 38 k shares, modestly reinforcing management’s ownership position.

Negative

  • Immaterial size: 1,122 shares represent a de minimis fraction of shares outstanding and are unlikely to influence market perception.
  • No cash purchase: Zero-dollar RSU grant lacks the signalling power of an open-market buy.

Insights

TL;DR: Routine RSU grant; negligible ownership change; neutral investor impact.

The Form 4 details an equity-compensation grant rather than an open-market transaction. Although insider alignment is generally positive, the 1,122-share award equals roughly 0.003% of HNI’s ~34 million outstanding shares, limiting market significance. Vesting over three years encourages retention but does not provide an immediate demand signal. Because no cash changed hands and no shares were sold, the filing is best viewed as ordinary course remuneration with minimal impact on valuation or liquidity.

Insider Hagedorn Jason Dean
Role President, Allsteel LLC
Type Security Shares Price Value
Grant/Award Common Stock 1,122 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 38,161.935 shares (Direct); Common Stock — 1,177.5 shares (Indirect, Profit-Sharing Retirement Plan)
Footnotes (1)
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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*
Hagedorn Jason Dean
(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, Allsteel 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 1,122(1) A $0 38,161.9349 D
Common Stock 1,177.5 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

What did Jason Dean Hagedorn acquire in the latest HNI Form 4?

He received 1,122 restricted stock units convertible into HNI common shares at no cost.

How many HNI shares does Hagedorn own after the transaction?

His direct stake is 38,161.9349 shares, plus 1,177.5 shares indirectly via a retirement plan.

When will the newly granted RSUs vest?

They vest in three equal annual instalments beginning 12 February 2026.

Was any cash paid for the shares acquired?

No. The RSUs were issued at $0 acquisition price as part of equity compensation.

Does the filing report any insider selling at HNI?

No insider sales were disclosed; the filing only covers an equity award.