Form 4: Hain Celestial Group Director Receives Stock Grant

Director Shervin J. Korangy received a grant of 19,474 restricted share units (RSUs) from Hain Celestial Group, vesting in 2025.

Summary

• Shervin J. Korangy, a director of Hain Celestial Group, Inc., 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's common stock per unit.
• The RSUs will vest on the earlier of October 31, 2025, or the date of the Issuer's 2025 annual meeting of shareholders.
• Following this transaction, Korangy beneficially owns 94,626 shares of Hain Celestial Group stock.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

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

Future Outlook

The RSUs will vest on the earlier of October 31, 2025, or the date of the Issuer's 2025 annual meeting of shareholders.

Industry Context

Grants of restricted stock units are a common form of compensation for directors of publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages, including RSU grants, are common practice among publicly traded companies like Hain Celestial Group.
• The size of the grant is likely determined by factors such as company size, director responsibilities, and industry benchmarks.
• Comparing the value of these RSUs to those granted by similar companies in the packaged foods industry (e.g., Conagra Brands, General Mills) would provide further context.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• The compensation structure could motivate the director to contribute effectively to the company's governance and strategic direction.

Key Dates