HNI CORP — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2023-02-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-13	Common Stock	M	864	—	Acquired	21658.923	Direct
2023-02-13	Common Stock	F	309	$31.10	Disposed	21349.923	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-13	Restricted Stock Units	$0.0	M	864	Disposed		Common Stock (864.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	928.876	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 in equal installments over a three year period beginning on the first anniversary of the grant date. The first installment of 863 fully vested on February 12, 2021. The second installment of 863 fully vested on February 12, 2022. The third installment of 864 fully vested on February 12, 2023.

F2: Each restricted stock unit represents a contingent right to receive one share of Issuer's Common Stock.

F3: The reporting person is reporting the withholding by the Issuer of an aggregate 309 shares of Common Stock that vested on February 12, 2023 pursuant to the 2020 Grant, but that were not issued in order to satisfy the reporting person's tax withholding obligations.

F4: On February 12, 2020, the reporting person was granted 2,590 Restricted Stock Units, to vest one-third in equal installments over a three year period beginning on the first anniversary of the grant date. The first installment of Restricted Stock Units vested on February 12, 2021, the second installment of Restricted Stock Units vested on February 12, 2022, and the third installment of Restricted Stock Units vested on February 12, 2023.