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HNI CORP — Director's Dealing 2024
Sep 9, 2024
31633_dirs_2024-09-09_9659065d-5642-4328-8373-fc45c813d7c5.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: HNI CORP (HNI)
CIK: 0000048287
Period of Report: 2024-09-01
Reporting Person: Petersen Jennifer Sue (VP, Member Relations)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4562 | Direct |
| Common Stock | 1543.515 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Non-qualifying employee stock options (right to buy) | $46.62 | 2027-02-15 | Common Stock (616) | Direct | |
| Non-qualifying employee stock options (right to buy) | $38.68 | 2028-02-14 | Common Stock (868) | Direct | |
| Non-qualifying employee stock options (right to buy) | $39.77 | 2029-02-13 | Common Stock (1985) | Direct | |
| Performance Standard Units | $0 | Common Stock (1336) | Direct | ||
| Performance Standard Units | $0 | Common Stock (2510) | Direct | ||
| Performance Standard Units | $0 | Common Stock (2034) | Direct | ||
| Performance Standard Units | $0 | Common Stock (408) | Direct |
Footnotes
F1: Represents 4,562 shares of Common Stock underlying restricted stock units ("RSUs") as follows: (a) 446 RSUs granted on February 16, 2022, which vest on February 16, 2025; (b) 1,674 RSUs granted on February 15, 2023, which vest in two equal annual installments on February 15, 2025 and February 15, 2026; (c) 2,034 RSUs granted on February 14, 2024, which vest in three equal annual installments on February 14, 2025, February 14, 2026, and February 14, 2027; and (d) 408 RSUs granted on August 12, 2024, which vest in three equal annual installments on February 14, 2025, February 14, 2026 and February 14, 2027.
F2: The option became fully vested and exercisable in one installment on the fourth anniversary of the grant date.
F3: On February 16, 2022, the reporting person was granted performance standard units to become fully vested on December 31, 2024. These shares will not be distributed until after HNI Corporation's February 2025 Board Meeting and only upon achievement of performance goals.
F4: On February 15, 2023, the reporting person was granted performance standard units to become fully vested on December 31, 2025. These shares will not be distributed until after HNI Corporation's February 2026 Board Meeting and only upon achievement of performance goals.
F5: On February 14, 2024, the reporting person was granted performance standard units to become fully vested on December 31, 2026. These shares will not be distributed until after HNI Corporation's February 2027 Board Meeting and only upon achievement of performance goals.
F6: On August 12, 2024, the reporting person was granted performance standard units to become fully vested on December 31, 2026. These shares will not be distributed until after HNI Corporation's February 2027 Board Meeting and only upon achievement of performance goals.