Form 4: Hain Celestial Group Director Michael B. Sims Receives Stock Grant

Director Michael B. Sims received 19,474 restricted share units (RSUs) from Hain Celestial Group, vesting in 2025.

Summary

• Michael B. Sims, a director of Hain Celestial Group, received 19,474 restricted share units (RSUs) on October 31, 2024.
• These RSUs represent a contingent right to receive one share of Hain Celestial Group common stock each.
• The RSUs will vest on the earlier of October 31, 2025, or the date of the Issuer's 2025 annual meeting of shareholders.
• Following the transaction, Sims directly owns 68,255 shares of Hain Celestial Group common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

Grants of restricted stock units are a common form of compensation for directors of publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as RSUs, are designed to align director interests with shareholder value.
• The size and vesting schedule of the RSU grant are typical for director compensation at companies of similar size and industry to Hain Celestial Group.
• Comparable companies such as B&G Foods and Conagra Brands also utilize equity-based compensation for their directors.

Stakeholder Impact

• Shareholders: The grant aligns director interests with shareholder value.
• Employees: The grant reflects a standard compensation practice.
• Company: The grant is part of the overall compensation strategy.

Next Steps

• The RSUs will vest on the earlier of October 31, 2025, or the date of the company's 2025 annual meeting of shareholders.
• Sims will receive shares of Hain Celestial Group common stock upon vesting.

Key Dates