HNI HNI CORP

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q2 2026: $39M, Q1 2026: $40M, Q3 2025: $11M, Q2 2025: $11M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $39M vs trailing avg $21M (+89%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Buyback $102M / FCF $13M = 797% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 647,930 shares = 3.0% of 42,919,000 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 2284543.4x more than bought. 2 C-suite officers among sellers

• Lorenger Jeffrey D (President & CEO) sold 35,232 shares on 2026-08-03
• Lorenger Jeffrey D (President & CEO) sold 10,618 shares on 2026-08-03
• Smith Brian Scott (President, Hearth & Home Tech) sold 2,000 shares on 2026-02-09