New insider Smith Brian Scott claimed ownership of 13,391 shares (SEC Form 3)
$HNI
Office Equipment/Supplies/Services
Consumer Discretionary
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/13/2024 |
3. Issuer Name and Ticker or Trading Symbol
HNI CORP [ HNI ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 11,901.608 | D(1) | |
| Common Stock | 1,489.804 | I | Profit-Sharing Retirement Plan |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Non-qualifying employee stock option (right to buy) | 02/18/2015(2) | 02/18/2025 | Common Stock | 2,284 | $51.54 | D | |
| Non-qualifying employee stock option (right to buy) | 02/15/2017(2) | 02/15/2027 | Common Stock | 3,676 | $46.62 | D | |
| Performance Standard Units | 12/31/2024 | (3) | Common Stock | 2,630 | $0 | D | |
| Performance Standard Units | 12/31/2025 | (4) | Common Stock | 3,843 | $0 | D | |
| Performance Standard Units | 12/31/2026 | (5) | Common Stock | 2,944 | $0 | D | |
| Explanation of Responses: |
| 1. Of the 11,901.608 shares of Common Stock reported, 2,610.478 shares are held in a Member's Stock Purchase Plan; 2,343 shares are held in a Supplemental Income Plan; 565.130 shares are held in a deferred account pursuant to the Executive Deferred Compensation Plan to be distributed in ten equal annual installments starting January 2025; and 6,383 shares represent underlying restricted stock units ("RSUs") as follows: (a) 877 RSUs granted on February 16, 2022, which will vest on February 16, 2025; (b) 2,562 RSUs granted on February 15, 2023, which will vest in two equal annual installments on February 15, 2025 and February 15, 2026; and (c) 2,944 RSUs granted on February 14, 2024, which will vest in three equal annual installments on February 14, 2025, February 14, 2026, and February 14, 2027. |
| 2. The option became fully vested and exercisable on the fourth anniversary of the grant date. |
| 3. 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. |
| 4. 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. |
| 5. 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. |
| Remarks: |
| Exhibit List - Exhibit 24 - Power of Attorney |
| /s/ Steven M. Bradford as attorney-in-fact for Brian S. Smith | 10/15/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||