Form 4: Hillenbrand Director Gary L. Collar Reports Acquisition of Restricted Stock Units

Director Gary L. Collar reports the acquisition of restricted stock units in Hillenbrand, Inc. on March 31, 2025.

Summary

• Gary L. Collar, a director of Hillenbrand, Inc., reported the acquisition of multiple tranches of restricted stock units on March 31, 2025.
• These restricted stock units are associated with deferred stock awards granted between 2015 and 2025.
• The total number of restricted stock units acquired is 343, representing the contingent right to receive an equivalent number of Hillenbrand's common stock shares.
• The acquisition did not involve any monetary transaction, as the price per derivative security is reported as $0.
• Following these transactions, Mr. Collar directly owns varying amounts of restricted stock units, ranging from 1,763 to 4,607 units depending on the grant date.
• The restricted stock units vest immediately upon grant for awards prior to May 2014, requiring a six-month holding period after ceasing to be a director.
• For awards granted in May 2014 or later, the units vest on the earlier of the next annual meeting or one year from the grant date, with immediate vesting upon a change in control, death, disability, or one day after ceasing to be a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of restricted stock units is a standard part of executive compensation.

Positives

• The acquisition of restricted stock units indicates continued alignment of the director's interests with those of the shareholders.
• The vesting conditions encourage long-term commitment and stability in the company's leadership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the ongoing compensation practices at Hillenbrand, Inc.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns their interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

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