Form 4: HNI Corp Executive Brian Scott Smith Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Brian Scott Smith, President of Hearth & Home Technologies at HNI Corp, reports the acquisition of 1,736 shares of common stock and the disposal of 792 shares for tax withholding related to vested Performance Stock Units.
Summary
- On February 20, 2025, Brian Scott Smith, President of Hearth & Home Technologies at HNI Corp, acquired 1,736 shares of common stock related to Performance Stock Units granted in 2022.
- On the same day, 792 shares were disposed of to cover taxes upon the vesting of these Performance Stock Units at a price of $48.23 per share.
- Following these transactions, Smith directly owns 14,115.2186 shares of HNI Corp common stock and indirectly owns 1,498.862 shares through a Profit-Sharing Retirement Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive interests with shareholder value.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of grant for Performance Stock Units under Issuer's 2017 Stock-Based Compensation Plan. |
| 02/20/2025 | Date of transaction: Acquisition of 1,736 shares and disposal of 792 shares for tax withholding. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
HNI Corp, Brian Scott Smith, Form 4, Stock Options, Performance Stock Units, Tax Withholding, Beneficial Ownership, Hearth & Home Technologies
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