Form 4: Hillenbrand Director Disposes Shares Post-Merger

Hillenbrand Director Helen W. Cornell reports the disposition of common stock and restricted stock units following the company's merger into a wholly-owned subsidiary of LSF12 Helix Parent, LLC at $32.00 per share.

Summary

• Hillenbrand, Inc. merged with LSF12 Helix Merger Sub, Inc. on February 10, 2026, with Hillenbrand, Inc. surviving as a wholly-owned subsidiary of LSF12 Helix Parent, LLC.
• Each share of Hillenbrand's common stock issued and outstanding immediately prior to the merger was converted into the right to receive $32.00 in cash.
• Director Helen W. Cornell reported the disposition of 11,691 shares of common stock indirectly held by the Helen W. Cornell 2020 Irrevocable Trust.
• An additional 1,500 shares of common stock indirectly held by the Helen W. Cornell Rev. Trust were also disposed of.
• 61,056 Restricted Stock Units (RSUs) held by Ms. Cornell were cancelled, with holders receiving a cash payment equal to the number of shares underlying the RSUs multiplied by the $32.00 merger consideration, less any required withholding taxes.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to positive event for former public shareholders who received a defined cash value for their shares, but it signifies the end of Hillenbrand's public trading.

Positives

• Shareholders, including the reporting person, received a defined cash payment of $32.00 per share for their common stock.
• Restricted Stock Units were converted into a cash payment based on the $32.00 merger consideration, providing liquidity to holders.

Negatives

• Hillenbrand, Inc. ceased to be a publicly traded entity, becoming a wholly-owned subsidiary.
• Public shareholders no longer hold equity in Hillenbrand, Inc.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this transaction represents a take-private merger, a common strategy where a public company is acquired by a private entity, often to restructure or integrate operations away from public market scrutiny. This move signifies a strategic shift for Hillenbrand, Inc. under new ownership.

Stakeholder Impact

• Shareholders received $32.00 per share in cash for their common stock and a cash payment for their Restricted Stock Units, ceasing to be equity holders in the publicly traded entity.

Key Dates

Keywords

Hillenbrand, HI, Merger, Acquisition, Form 4, Insider Transaction, Common Stock, Restricted Stock Units, LSF12 Helix Parent