Form 4: HNI Corp Director Larry B Porcellato Acquires 2,655 Shares of Common Stock
SEC Form 4
Director Larry B Porcellato acquired 2,655 shares of HNI Corp common stock on May 14, 2024, under the company's 2017 Equity Plan for Non-Employee Directors.
Summary
- On May 14, 2024, Larry B Porcellato, a director of HNI Corp, acquired 2,655 shares of common stock.
- The acquisition was made under HNI Corporation's 2017 Equity Plan for Non-Employee Directors.
- The price per share was $0.
- Following the transaction, Porcellato directly owns 41,550.6016 shares of HNI Corp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares by a director may signal confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Larry B Porcellato acquired 2,655 shares of HNI Corp common stock. |
| 05/16/2024 | Date of signature: Steven M. Bradford signed the document on behalf of Larry B Porcellato. |
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