HNI CORP — Director's Dealing 2021

Aug 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2021-08-07

Reporting Person: Hagedorn Jason Dean (President, Allsteel Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-07	Common Stock	M	2322	$38.61	Acquired	16630.925	Direct
2021-08-07	Common Stock	F	705	$38.61	Disposed	15925.925	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-07	Restricted Stock Units	$0.0	M	2322	Disposed		Common Stock (2322.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	583.49	Indirect

Footnotes

F1: Represents the conversion of Restricted Stock Units into Common Stock. On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units ("2018 Grant") to vest in two equal installments beginning on the second anniversary of the grant date. The first installment of 2,323 fully vested on August 7, 2020. The second installment of 2,322 fully vested on August 7, 2021.

F2: The reporting person is reporting the withholding by the Issuer of an aggregate 705 shares of Common Stock that vested on August 7, 2021 pursuant to the 2018 Grant, but that were not issued in order to satisfy the reporting person's tax withholding obligations.

F3: Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.

F4: On August 7, 2018, the reporting person was granted 4,645 Restricted Stock Units, vesting in equal installments starting on the second anniversary of the grant date of the 2018 Grant. The first installment of Restricted Stock Units vested on August 7, 2020, and the remaining Restricted Stock Units vested on August 7, 2021 and is reported on Table I of this Form 4.