Form 4: HNI Corp Executive Vincent P. Berger Reports Stock Transactions
SEC Form 4
EVP of HNI Corp, Vincent P. Berger, reports multiple transactions involving the acquisition and disposal of common stock and non-qualifying employee stock options.
Summary
- Vincent P. Berger, an EVP at HNI Corp, filed a Form 4 detailing changes in beneficial ownership.
- The reported transactions involve common stock and non-qualifying employee stock options.
- On October 16, 2024, Berger exercised options to acquire 3,554 shares at $51.54 and sold them at a weighted average price of $55.03.
- Also on October 16, 2024, Berger exercised options to acquire 14,242 shares at $46.62 and sold them at a weighted average price of $55.03.
- On October 17, 2024, Berger exercised options to acquire 1,247 shares at $51.54 and sold them at a weighted average price of $55.07.
- Also on October 17, 2024, Berger exercised options to acquire 4,611 shares at $46.62 and sold them at a weighted average price of $55.15.
- On October 18, 2024, Berger exercised options to acquire 164 shares at $51.54.
- Also on October 18, 2024, Berger exercised options to acquire 1,680 shares at $46.62.
- These transactions were executed under a Rule 10b5-1 plan adopted on May 20, 2024.
- Following these transactions, Berger directly owns 78,839.949 shares of common stock and indirectly owns 1,921.582 shares through a profit-sharing retirement plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Positives
- The transactions were executed under a pre-arranged Rule 10b5-1 plan, suggesting they were planned and not based on insider information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/18/2019 | Date non-qualifying employee stock options were exercisable. |
| 02/15/2021 | Date non-qualifying employee stock options were exercisable. |
| 05/20/2024 | Date the Rule 10b5-1 plan was adopted. |
| 10/16/2024 | Date of earliest transaction. |
| 10/17/2024 | Date of transaction. |
| 10/18/2024 | Date of transaction and signature. |
| 02/18/2025 | Expiration date of non-qualifying employee stock options. |
| 02/15/2027 | Expiration date of non-qualifying employee stock options. |
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