Form 4: Hillenbrand CFO Robert VanHimbergen Reports Stock Transactions
SEC Form 4 Filing
Robert VanHimbergen, CFO of Hillenbrand, Inc., reports the vesting and disposition of restricted stock units and common stock transactions.
Summary
- On March 29, 2024, Robert VanHimbergen, the Senior Vice President and CFO of Hillenbrand, Inc., reported transactions involving common stock and restricted stock units.
- These transactions included the vesting of restricted stock units awarded on various dates (March 14, 2022, December 2, 2022, December 7, 2022 and December 7, 2023) and the subsequent disposition of some shares to cover tax obligations.
- Specifically, 98 shares of common stock were acquired upon the vesting of restricted stock units, and then disposed of to satisfy tax obligations at a price of $50.29 per share.
- Following these transactions, VanHimbergen directly owns 46,394 shares of Hillenbrand, Inc. common stock and various amounts of restricted stock units with future vesting dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- The information disclosed is consistent with regulatory requirements for insider trading reporting.
- Similar filings can be observed for executives at comparable companies in the industrial sector, such as Barnes Group Inc. and Dover Corporation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that executive compensation is aligned with company performance through equity-based awards.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Date of deferred stock award for some restricted stock units. |
| 12/02/2022 | Vesting date for one-third of some restricted stock units. |
| 12/07/2022 | Date of deferred stock award for some restricted stock units. |
| 12/07/2023 | Date of deferred stock award for some restricted stock units. |
| 03/29/2024 | Date of reported transactions: vesting of restricted stock units and disposition of shares. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.