Jeffrey D. Lorenger, President and CEO of HNI Corp, filed a Form 4 with the SEC on September 1, 2026, reporting a stock option exercise and a same-day sale of common shares that occurred on August 28, 2026.

Key Highlights

  • Option exercise: Lorenger exercised 1,504 non-qualifying employee stock options at a conversion price of $38.68 per share on August 28, 2026, acquiring 1,504 shares of common stock.
  • Same-day sale: 1,504 shares were disposed of at a price of $50 per share on August 28, 2026, according to the filing.
  • Direct ownership after transactions: Lorenger directly held 148,490 shares of common stock following the reported transactions.
  • Indirect holdings: An additional 313,061.462 shares are held indirectly by trust, and 7,674.193 shares are held through a Profit Sharing Retirement Plan.
  • Remaining options: 27,048 non-qualifying employee stock options remain directly held, with an expiration date of February 14, 2028.
  • Rule 10b5-1 plan: The filing notes the transactions were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026.

HNI Corp CEO Lorenger Exercises Options and Sells Shares Under Prearranged Trading Plan

According to the Form 4 filed with the SEC, Jeffrey D. Lorenger, who serves as both President and CEO and as a director of HNI Corp (NYSE:HNI), reported two transactions in the company's common stock on August 28, 2026. The filing was signed by Steven M. Bradford under power of attorney and submitted on September 1, 2026.

The filing discloses that Lorenger exercised 1,504 non-qualifying employee stock options with an exercise price of $38.68 per share, acquiring 1,504 shares of common stock. The options, which had become exercisable on February 14, 2022, carry an expiration date of February 14, 2028. On the same date, 1,504 shares were sold at $50 per share. The filing notes that "the dollar amount in column 4 is a result of multiple lots for the same price that have been combined." Following these transactions, Lorenger directly held 148,490 shares.

In addition to direct holdings, the filing reports that Lorenger indirectly holds 313,061.462 shares through a trust and 7,674.193 shares through a Profit Sharing Retirement Plan. The filing states that both reported transactions "were effected pursuant to a Rule 10b5-1 plan adopted on February 27, 2026," and the form's cover indicates the box for Rule 10b5-1(c) compliance was checked. After the option exercise, 27,048 non-qualifying employee stock options remain directly held by Lorenger.

What Was Disclosed

The Form 4 filed September 1, 2026, reports HNI Corp CEO Jeffrey D. Lorenger's exercise of 1,504 stock options at $38.68 and sale of 1,504 shares at $50 on August 28, 2026, both conducted under a prearranged Rule 10b5-1 trading plan.