HNI Corp president & CEO Jeffrey Lorenger sells $2.36m in shares

Jeffrey D. Lorenger, CEO of HNI Corp, sold a substantial amount of the company's stock in two transactions on August 26 and August 27, 2026, amounting to approximately $2.36 million. These sales were executed at prices ranging from $50.0496 to $50.0901 per share. The current trading price of HNI stock is $49.35, which has seen a 21% increase year-to-date.

HNI is reportedly undervalued, boasting a 56-year streak of dividend payments. Lorenger's actions were part of a pre-approved trading plan, Rule 10b5-1, adopted on February 27, 2026. Post-transaction, he holds 148,490 shares directly and indirectly holds 321,575.655 shares through various plans. On August 26, he sold 4,671 and 2,837 shares at prices $50.0496 and $50.0831, respectively.

On August 27, he sold 27,131 and 12,445 shares at prices $50.0901 and $50.0878, respectively, with transaction prices ranging from $50.00 to $50.330. HNI reported a strong Q2 earnings performance, beating analyst estimates for EPS with $1.27 per share and revenue at $1.47 billion, slightly below the $1.50 billion forecast. This success is attributed to contributions from Steelcase and effective cost-saving measures.