Form 4: HNI Corp Executive Jennifer Sue Petersen Reports Stock Award and Tax Withholding

Jennifer Sue Petersen, VP of Member Relations at HNI Corp, reports the acquisition of 882 shares of common stock and the withholding of 249 shares for tax purposes related to vesting Performance Stock Units.

Summary

• On February 20, 2025, Jennifer Sue Petersen, VP of Member Relations at HNI Corp, acquired 882 shares of HNI Corp common stock related to Performance Stock Units granted on February 16, 2022.
• The shares were awarded under the Issuer's 2017 Stock-Based Compensation Plan.
• On the same date, 249 shares were withheld by HNI Corp to cover taxes upon the vesting of these Performance Stock Units at a price of $48.23 per share.
• Following these transactions, Petersen directly owns 7,068 shares of HNI Corp common stock and indirectly owns 1,562.347 shares through a Profit-Sharing Retirement Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard executive compensation transaction. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of shares indicates confidence in the company's performance and future prospects.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the ownership changes of company stock by its executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in insider ownership, which is a normal part of executive compensation.

Key Dates

Keywords

HNI Corp, Jennifer Sue Petersen, Form 4, Stock Award, Performance Stock Units, Tax Withholding, Beneficial Ownership, Insider Transaction