Form 4: HNI Corp Executive Smith Brian Scott Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brian Scott Smith, President of Hearth & Home Technologies at HNI Corp, reports a transaction involving common stock related to tax liability on deferred shares.
Summary
- On January 22, 2025, Brian Scott Smith, President of Hearth & Home Technologies at HNI Corp, had shares withheld by the issuer for payment of tax liability incurred upon the distribution of deferred shares from an Executive Deferred Compensation Plan.
- A total of 16.8388 shares of common stock were withheld at a price of $50.85 per share.
- Following the transaction, Smith directly owns 11,900.9612 shares of common stock and indirectly owns 1,489.804 shares through a Profit-Sharing Retirement Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a standard practice for executives receiving deferred compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of transaction where shares were withheld for tax liability. |
| 01/23/2025 | Date of signature for the Form 4 filing. |
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