Form 4: Hillenbrand Director Daniel C. Hillenbrand Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Daniel C. Hillenbrand reports acquisition of restricted stock units in Hillenbrand, Inc.
Summary
- On June 28, 2024, Daniel C. Hillenbrand, a director of Hillenbrand, Inc., reported the acquisition of restricted stock units.
- These restricted stock units are part of a deferred stock award program.
- The acquired units include awards from various dates: May 10, 2018 (5 units), February 14, 2019 (15 units), February 13, 2020 (23 units), February 11, 2021 (16 units), February 10, 2022 (15 units), February 24, 2023 (15 units), and February 20, 2024 (16 units).
- The restricted stock units vest immediately upon grant for awards granted prior to May 2014, directors must hold the underlying shares of common stock of the Company for six months after they cease serving as a director, and for awards granted in May 2014 or later, directors must hold the underlying shares of common stock of the Company for one day after the director ceases serving.
- For later awards, vesting occurs on the earlier of the next annual shareholder meeting or one year from the grant date, with immediate vesting upon a change in control, death, or disability, or one day after ceasing to be a director.
- Hillenbrand also has indirect ownership of common stock through various trusts and partnerships, including Anne Hillenbrand Singleton Trust (20,000 shares), John and Joan GC TR FBO (John, Rose and Olivia) (8,631 shares), John and Joan CRT IMA (28,248 shares), Clear Water Capital Partners, LP (135,863 shares), Hillenbrand II TR FBO (John, Rose and Olivia) (48,611 shares), and John and Joan GC TR FBO (Eleanor and Sarah) (5,754 shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to stock unit acquisitions, which doesn't inherently indicate positive or negative performance.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units by a director may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/10/2018 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/14/2019 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/13/2020 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/11/2021 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/10/2022 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/24/2023 | Date of Deferred Stock Award for Restricted Stock Units |
| 02/20/2024 | Date of Deferred Stock Award for Restricted Stock Units |
| 06/28/2024 | Date of Transaction: Acquisition of Restricted Stock Units |
| 07/02/2024 | Date of Report Filing |
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