Form 4: Hillenbrand CFO Robert VanHimbergen Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Robert VanHimbergen, CFO of Hillenbrand, Inc., reports the acquisition of restricted stock units on September 30, 2024.
Summary
- Robert VanHimbergen, the Senior Vice President and CFO of Hillenbrand, Inc., filed a Form 4 on October 2, 2024, reporting changes in beneficial ownership.
- On September 30, 2024, VanHimbergen acquired several tranches of restricted stock units (RSUs) under deferred stock award plans.
- These RSUs are scheduled to vest in one-third increments on various dates in March and December of 2022, 2023, 2024, 2025 and 2026.
- Specifically, he acquired 179 RSUs related to the 3/14/2022 award, 22 RSUs related to the 12/07/2022 award, 44 RSUs related to the 12/7/2023 award, and 93 RSUs related to the 12/7/2023 award.
- The reporting person directly owns 48,794 shares of common stock.
- Following the reported transactions, VanHimbergen directly owns 22,592 RSUs related to the 3/14/2022 award, 2,891 RSUs related to the 12/07/2022 award, 5,566 RSUs related to the 12/7/2023 award, and 11,716 RSUs related to the 12/7/2023 award.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard executive compensation practices, which is generally viewed neutrally to positively.
Positives
- The acquisition of restricted stock units by the CFO aligns his interests with those of the shareholders.
- The vesting schedule of the RSUs encourages long-term commitment from the CFO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Comparison to Industry Standards
- Equity compensation is a standard practice across publicly traded companies to incentivize executives.
- Vesting schedules for restricted stock units typically range from three to five years, aligning with industry norms.
Stakeholder Impact
- The acquisition of restricted stock units by the CFO aligns his interests with shareholders, potentially fostering better decision-making.
Key Dates
| Date | Description |
|---|---|
| 3/14/2022 | Date of Deferred Stock Award related to some of the Restricted Stock Units. |
| 12/07/2022 | Date of Deferred Stock Award related to some of the Restricted Stock Units. |
| 12/7/2023 | Date of Deferred Stock Award related to some of the Restricted Stock Units. |
| 09/30/2024 | Date of transaction: Acquisition of Restricted Stock Units. |
| 10/02/2024 | Date of Form 4 filing. |
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