Form 4: Hillenbrand Director Dennis W. Pullin Reports Acquisition of Restricted Stock Units

Director Dennis W. Pullin reports acquisition of restricted stock units in Hillenbrand, Inc. on March 31, 2025.

Summary

• On March 31, 2025, Dennis W. Pullin, a director of Hillenbrand, Inc., reported the acquisition of restricted stock units.
• These restricted stock units are part of deferred stock awards granted on various dates: May 7, 2021, February 10, 2022, February 24, 2023, February 20, 2024 and February 18, 2025.
• The director acquired 10, 25, 26, 28 and 37 restricted stock units respectively, associated with each grant date.
• Each restricted stock unit represents the contingent right to receive one share of Hillenbrand's common stock.
• The restricted stock units vest on the earlier of the company's next annual meeting of shareholders or one year from the grant date, and will immediately vest upon a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.
• The shares underlying these Restricted Stock Units will not occur until, the occurrence of one of the following: a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.
• Pullin directly owns 1,178, 2,808, 2,857, 3,105 and 4,043 restricted stock units respectively, associated with each grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. It 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.

Future Outlook

The restricted stock units vest on the earlier of the company's next annual meeting of shareholders or one year from the grant date, and will immediately vest upon a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The acquisition of restricted stock units by a director may have a slightly positive impact on shareholder sentiment, as it indicates the director's alignment with the company's success.

Key Dates

Keywords

restricted stock units, Hillenbrand, director, Pullin, Form 4, beneficial ownership, deferred stock award