HNI CORP — Director's Dealing 2022

Feb 15, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2022-01-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-12	Common Stock	M	863	$36.95	Acquired	16788.925	Direct
2021-02-12	Common Stock	F	308	$36.95	Disposed	16480.925	Direct
2021-03-31	Common Stock	A	48.276	—	Acquired	16529.201	Direct
2021-07-02	Common Stock	A	44.688	—	Acquired	16573.889	Direct
2021-10-01	Common Stock	A	50.295	—	Acquired	16624.184	Direct
2021-12-31	Common Stock	A	45.463	—	Acquired	16678.627	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-12	Restricted Stock Units	$0.0	M	863	Disposed		Common Stock (863.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	763.253	Indirect

Footnotes

F1: Represents the conversion of Restricted Stock Units into Common Stock. On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units ("2020 Grant") to vest one-third per year in equal installments beginning on the first anniversary of the grant date. The first installment of 863 fully vested on February 12, 2021.

F2: These shares were withheld by the Issuer to cover taxes upon vesting of the aggregate 555 shares of Common Stock that vested on February 12, 2021 pursuant to the 2020 Grant.

F3: These shares were acquired during the fiscal year under the HNI Corporation Members' Stock Purchase Plan.

F4: The total in column 5 includes reinvested dividends of 8.98 shares.

F5: The total is column 5 includes 179.763 shares acquired under the HNI Corporation Profit-Sharing Retirement Plan.

F6: Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.

F7: On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units, vesting one-third per year in equal installments over a three year period, starting on the first anniversary of the 2020 Grant. The first installment of Restricted Stock Units vested on February 12, 2021. The second installment of Restricted United vested on February 12, 2022. The remaining Restricted Units will vest on February 12, 2023.