Form 4: Director Joy Greenway Acquires Hillenbrand RSUs
Insider Transaction Report
Hillenbrand Director Joy M. Greenway acquired additional Restricted Stock Units on September 30, 2025, as part of deferred stock awards.
Summary
- Joy M. Greenway, a Director of Hillenbrand, Inc. (HI), acquired Restricted Stock Units (RSUs).
- The transactions occurred on September 30, 2025.
- These RSUs were granted as part of various deferred stock awards dating from February 2013 to February 2025.
- A total of 368 Restricted Stock Units were acquired in these transactions.
- Each Restricted Stock Unit represents the contingent right to receive one share of Hillenbrand's common stock.
- Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.
- Following these transactions, Ms. Greenway beneficially owns a total of 45,415 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The acquisition of Restricted Stock Units by a director is generally viewed positively as it aligns management interests with shareholders, though it is a routine compensation event.
Positives
- Director Joy M. Greenway increased her beneficial ownership of Hillenbrand, Inc. through the acquisition of 368 Restricted Stock Units.
- The acquisition of RSUs aligns the director's interests with those of shareholders, as the value of these units is tied to the company's stock performance.
- RSUs are entitled to dividend equivalent rights, providing additional value to the holder.
Negatives
- NA
Risks
- The value of the Restricted Stock Units is contingent on the future performance of Hillenbrand, Inc.'s common stock.
Future Outlook
NA
Management Comments
- NA
Industry Context
NA
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Increased alignment of director's interests with shareholder value.
- Management: Director's compensation includes equity, incentivizing long-term performance.
Next Steps
- Vesting of Restricted Stock Units (RSUs) for awards from 2021 onwards will occur on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant.
- Delivery of shares underlying RSUs (for awards from 2021 onwards) will not occur until a change in control, the director's death or permanent and total disability, or one day after the director ceases to be a director.
- Holding periods apply to underlying shares after vesting: six months after ceasing to be a director for awards prior to May 2014, and one day after ceasing to be a director for awards in May 2014 or later.
Key Dates
| Date | Description |
|---|---|
| 02/27/2013 | Date of Deferred Stock Award (21 RSUs) |
| 02/26/2014 | Date of Deferred Stock Award (33 RSUs) |
| 02/25/2015 | Date of Deferred Stock Award (33 RSUs) |
| 02/24/2016 | Date of Deferred Stock Award (38 RSUs) |
| 02/22/2017 | Date of Deferred Stock Award (27 RSUs) |
| 02/15/2018 | Date of Deferred Stock Award (24 RSUs) |
| 02/14/2019 | Date of Deferred Stock Award (24 RSUs) |
| 02/13/2020 | Date of Deferred Stock Award (36 RSUs) |
| 02/11/2021 | Date of Deferred Stock Award (25 RSUs) |
| 02/10/2022 | Date of Deferred Stock Award (23 RSUs) |
| 02/24/2023 | Date of Deferred Stock Award (24 RSUs) |
| 02/20/2024 | Date of Deferred Stock Award (26 RSUs) |
| 02/18/2025 | Date of Deferred Stock Award (34 RSUs) |
| 09/30/2025 | Date of Earliest Transaction (Acquisition of RSUs) |
| 10/02/2025 | Signature Date of Filing |
Recommendation
holdThe filing reports a routine acquisition of Restricted Stock Units by a director as part of their compensation plan. While this indicates alignment of interests, it does not present new information that would fundamentally alter the investment thesis for Hillenbrand, Inc. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals and market conditions.
Keywords
Hillenbrand, HI, Form 4, insider transaction, director, RSU, Restricted Stock Units, equity compensation, beneficial ownership
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