Form 4: Hillenbrand Director Daniel C. Hillenbrand Reports Stock Unit Acquisition
SEC Form 4 Filing
Director Daniel C. Hillenbrand reports acquisition of restricted stock units and dividend equivalent rights in Hillenbrand, Inc.
Summary
- On December 31, 2024, Daniel C. Hillenbrand, a director of Hillenbrand, Inc., reported the acquisition of restricted stock units (RSUs) representing the contingent right to receive common stock.
- The RSUs are part of deferred stock awards granted on various dates, including 5/10/18, 2/14/19, 2/13/20, 2/11/21, 2/10/22, 2/24/23 and 2/20/24.
- The number of RSUs acquired on 12/31/2024 for each grant date are 7, 20, 31, 21, 20, 20 and 22 respectively.
- These RSUs also carry dividend equivalent rights that accrue on dividend record dates.
- The director also has beneficial ownership of common stock held directly and indirectly through various trusts and partnerships.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard compensation practices and insider confidence, but doesn't contain any groundbreaking news.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
- The vesting conditions encourage long-term commitment from the director.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates ongoing equity-based compensation for board members, which is a common practice.
Comparison to Industry Standards
- Equity compensation for board members is a standard practice across publicly traded companies.
- The vesting schedules and holding requirements are typical mechanisms to align director interests with long-term shareholder value.
- Companies like Dover Corporation, Fortive Corporation, and Illinois Tool Works also utilize similar equity-based compensation plans for their directors.
Stakeholder Impact
- The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.
- Employees may see this as a sign of stability and commitment from the leadership.
Key Dates
| Date | Description |
|---|---|
| 5/10/18 | Grant date of Deferred Stock Award |
| 2/14/19 | Grant date of Deferred Stock Award |
| 2/13/20 | Grant date of Deferred Stock Award |
| 2/11/21 | Grant date of Deferred Stock Award |
| 2/10/22 | Grant date of Deferred Stock Award |
| 2/24/23 | Grant date of Deferred Stock Award |
| 2/20/24 | Grant date of Deferred Stock Award |
| 12/31/2024 | Date of transaction: Acquisition of Restricted Stock Units |
| 01/03/2025 | Date of signature |
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