Form 4: Hillenbrand Director Dennis W. Pullin Acquires Additional Restricted Stock Units

Hillenbrand, Inc. Director Dennis W. Pullin acquired a total of 155 Restricted Stock Units across five deferred stock awards on June 30, 2025, increasing his beneficial ownership.

Summary

• Dennis W. Pullin, a Director of Hillenbrand, Inc. (HI), acquired Restricted Stock Units (RSUs) on June 30, 2025.
• A total of 155 RSUs were acquired across five separate deferred stock awards: 13 RSUs from the May 7, 2021 award, 31 RSUs from the February 10, 2022 award, 32 RSUs from the February 24, 2023 award, 34 RSUs from the February 20, 2024 award, and 45 RSUs from the February 18, 2025 award.
• Each Restricted Stock Unit represents the contingent right to receive one share of Hillenbrand's common stock.
• The RSUs are entitled to dividend equivalent rights, which accrue on dividend record dates.
• These Restricted Stock Units vest on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant.
• Immediate vesting and share delivery will occur upon a change in control of the issuer, the director's death or permanent and total disability, or one day after the director ceases to be a director of the issuer.
• Following these acquisitions, Mr. Pullin beneficially owns 1,191 RSUs from the May 7, 2021 award, 2,839 RSUs from the February 10, 2022 award, 2,889 RSUs from the February 24, 2023 award, 3,139 RSUs from the February 20, 2024 award, and 4,088 RSUs from the February 18, 2025 award.

Sentiment

Score: 7

Explanation: The acquisition of additional equity by a director is generally viewed positively as it aligns their interests with shareholders and indicates confidence in the company's future prospects. While it's a routine compensation event, it's not negative.

Positives

• Director Dennis W. Pullin increased his beneficial ownership in Hillenbrand, Inc. through the acquisition of Restricted Stock Units, signaling confidence in the company's future.
• The Restricted Stock Units are entitled to dividend equivalent rights, providing additional value to the holder.

Future Outlook

Restricted Stock Units are set to vest on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant. Immediate vesting and share delivery will occur upon a change in control of the issuer, the director's death or permanent and total disability, or one day after the director ceases to be a director of the issuer.

Industry Context

This filing details a routine insider transaction related to director compensation, which is common across various industries as a means to align management and director interests with those of shareholders.

Stakeholder Impact

• Shareholders: Increased alignment of Director Dennis W. Pullin's interests with shareholders due to his increased equity ownership in the company.

Next Steps

• Vesting of Restricted Stock Units on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant.
• Potential immediate vesting and share delivery upon specific events such as a change in control, director's death or disability, or cessation of directorship.

Key Dates

Keywords

Hillenbrand, HI, Dennis W. Pullin, Director, Restricted Stock Units, RSU, SEC Form 4, insider transaction, equity award, corporate governance