HNI Corp’s president and CEO Jeffrey D. Lorenger sold 47,084 shares of the company’s common stock for approximately $2.36 million through a prearranged trading plan under Rule 10b5-1.
The transactions were executed on August 26 and 27, 2026, following the exercise of non-qualifying employee stock options at a price of $38.68 per share. The 47,084 shares were sold at weighted average prices ranging from $50.0496 to $50.0901, with individual trades executed between $50.00 and $50.330 per share.
After the disposals, Lorenger retains direct holdings of 148,490 shares and indirect holdings of 313,061.462 shares through a trust and 7,674.193 shares via a profit-sharing retirement plan.
HNI’s stock was trading at $49.35 at the time of the report, up 21% year-to-date, and the company has maintained a 56-year streak of dividend payments. The company’s Q2 fiscal 2026 non-GAAP diluted earnings per share reached $1.27, exceeding consensus estimates of $1.06, though quarterly revenue of $1.47 billion fell slightly short of the $1.50 billion forecast. Management cited contributions from Steelcase, effective pricing, and cost-saving measures as key drivers of the earnings performance.
