Form 4: HNI Corp President & CEO Jeffrey Lorenger Reports Stock Disposals to Cover Taxes
SEC Form 4 Filing
Jeffrey Lorenger, President & CEO of HNI Corp, reported the disposal of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 14, 2025, Jeffrey Lorenger, President & CEO of HNI Corp, disposed of 7,054 shares of common stock at $49.6 to cover taxes upon vesting of restricted stock units.
- On February 15, 2025, Lorenger disposed of 7,681 shares at $50 for the same reason.
- A further 5,256 shares were disposed of on February 16, 2025, at $50 to cover taxes related to vesting restricted stock units.
- Following these transactions, Lorenger directly owns 329,693.462 shares of HNI Corp common stock and indirectly owns 7,377.525 shares through a Profit Sharing Retirement Plan.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports routine stock disposals for tax purposes. It doesn't indicate any significant positive or negative implications for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the slight dilution from the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Disposal of 7,054 shares of common stock at $49.6 to cover taxes upon vesting of restricted stock units. |
| 02/15/2025 | Disposal of 7,681 shares of common stock at $50 to cover taxes upon vesting of restricted stock units. |
| 02/16/2025 | Disposal of 5,256 shares of common stock at $50 to cover taxes upon vesting of restricted stock units. |
| 02/19/2025 | Date of signature by Steven M. Bradford under Power of Attorney. |
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