Form 4: Hillenbrand CEO Exits Holdings Post-Merger at $32/Share

Hillenbrand CEO Kimberly K. Ryan disposed of all her equity holdings on February 10, 2026, as the company completed its merger into a private entity, with shareholders receiving $32.00 cash per share.

Summary

• Hillenbrand, Inc. completed its merger with LSF12 Helix Merger Sub, Inc. on February 10, 2026, resulting in Hillenbrand, Inc. becoming a wholly-owned subsidiary of LSF12 Helix Parent, LLC.
• Each share of Hillenbrand, Inc. common stock outstanding immediately prior to the merger's effective time was converted into the right to receive $32.00 in cash.
• Kimberly K. Ryan, President & CEO and Director, disposed of all her common stock, totaling 208,945.745 shares, as part of the merger consideration.
• She also disposed of 271,486 Restricted Stock Units, which were cancelled for a cash payment equal to the number of shares subject to the RSU multiplied by the $32.00 merger consideration.
• Additionally, 42,728 Employee Stock Options with an exercise price of $31.94 were cancelled for a cash payment, calculated as the number of shares subject to the option multiplied by the difference between the $32.00 merger consideration and the exercise price.
• Performance-based restricted stock units were cancelled for cash based on the greater of target or actual performance through the date immediately prior to the effective time, multiplied by the merger consideration.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event for former shareholders, as the merger provided a clear cash exit at a predetermined value. For the company, it signifies a transition to private ownership.

Positives

• Shareholders of Hillenbrand, Inc. received a definitive cash payment of $32.00 per share for their common stock, providing immediate liquidity.
• Holders of restricted stock units and in-the-money stock options also received cash payments, converting their equity incentives into liquid assets.

Negatives

• Hillenbrand, Inc. ceased to be an independent publicly traded company, becoming a wholly-owned subsidiary of LSF12 Helix Parent, LLC.
• Former public shareholders no longer hold an equity stake in Hillenbrand, Inc. and will not participate in any future appreciation of the company.

Future Outlook

N/A. The filing reports on a completed merger and the subsequent disposition of securities by an insider, not future outlook for the company.

Industry Context

StockSavvy.ai notes that this Form 4 filing confirms the successful completion of the Hillenbrand, Inc. merger, a common strategy in mature industries for companies seeking to optimize operations or gain market share through consolidation. The cash-out nature of the deal provides immediate liquidity to shareholders, a typical outcome in such transactions.

Stakeholder Impact

• Shareholders: Received $32.00 cash per share for their common stock, effectively liquidating their investment in Hillenbrand, Inc.
• Employees (holding equity): Those with restricted stock units and stock options received cash payments, providing liquidity for their equity incentives.

Key Dates

Keywords

Hillenbrand, HI, Merger, Acquisition, Form 4, Insider Transaction, Kimberly K. Ryan, LSF12 Helix Parent, Common Stock, Restricted Stock Units, Stock Options, Cash Out