Jeffrey D. Lorenger, President and CEO of HNI Corp, filed a Form 4 on August 26, 2026, disclosing the exercise of non-qualifying employee stock options and the sale of 700 shares of common stock on August 24, 2026, pursuant to a Rule 10b5-1 plan.

Key Highlights

  • Option exercises: Lorenger exercised options on 300 shares at $38.68 and separately on 400 shares at $38.68, both on August 24, 2026.
  • Shares sold: 300 shares were sold at a weighted average price of $50.0067, and 400 shares were sold at a weighted average price of $50.0075, on August 24, 2026.
  • Sale price range: Both sales were executed in multiple transactions at prices ranging from $50.000 to $50.010, inclusive.
  • Direct beneficial ownership: Following the reported transactions, Lorenger directly holds 148,490 shares of common stock.
  • Indirect holdings: Lorenger also indirectly holds 313,061.462 shares through a trust and 7,674.193 shares through a Profit Sharing Retirement Plan.
  • 10b5-1 plan: The transactions were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.

HNI Corp CEO Option Exercise and Share Sale Details

According to the filing, Jeffrey D. Lorenger, who serves as both President and CEO and as a Director of HNI Corp (NYSE:HNI), conducted a series of transactions on August 24, 2026. He exercised non-qualifying employee stock options on 300 shares and, in a separate transaction, on 400 shares, both at an exercise price of $38.68 per share. The options carried an expiration date of February 14, 2028, and had been exercisable since February 14, 2022, the filing disclosed.

Concurrent with the exercises, the filing reported that Lorenger sold 300 shares at a weighted average price of $50.0067 and 400 shares at a weighted average price of $50.0075. Both sales were executed in multiple transactions at prices ranging from $50.000 to $50.010, inclusive. Following all reported transactions, Lorenger's direct beneficial ownership stood at 148,490 shares of common stock, according to the filing. His remaining directly held stock option position was reported at 75,636 units following the two exercises.

The filing noted that all transactions were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026. The form was signed by Steven M. Bradford by Power of Attorney on August 26, 2026. Lorenger undertakes, per the filing, to provide full information regarding shares sold at each separate price upon request by HNI Corporation, any security holder, or SEC staff.

What Was Disclosed

The filing disclosed two option exercises and two open-market sales of HNI Corp common stock by the company's President and CEO on August 24, 2026, conducted under a pre-established Rule 10b5-1 plan, resulting in direct ownership of 148,490 shares.