Form 4: HNI Corp Director Miguel Calado Sells Shares Under 10b5-1 Plan

Miguel Calado, a director at HNI Corp, sold a total of 5,299 shares of common stock in multiple transactions on August 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 28, 2024, Miguel Calado, a director of HNI Corp, sold 5,299 shares of HNI common stock.
• The sales were executed in multiple transactions at weighted average prices of $52.93, $52.95, and $52.98 per share.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on May 28, 2024.
• Following the reported transactions, Calado directly owns 31,159.157 shares of HNI Corp.
• The reported holdings include reinvested dividends of 20.012 shares acquired through the HNI Corporation Director's Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the transaction.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates