Form 4: Hillenbrand Director Helen W. Cornell Reports Acquisition of Restricted Stock Units

Director Helen W. Cornell reports the acquisition of restricted stock units in Hillenbrand, Inc. on March 29, 2024.

Summary

• On March 29, 2024, Helen W. Cornell, a director of Hillenbrand, Inc., reported the acquisition of restricted stock units.
• These restricted stock units are related to deferred stock awards from 2012 to 2024.
• The restricted stock units vest immediately upon grant, but the underlying shares must be held for a period after ceasing to be a director.
• The number of restricted stock units acquired varies from 12 to 27 depending on the grant date.
• Ms. Cornell also indirectly owns 11,691 shares of common stock through the Helen W. Cornell 2020 Irrevocable Trust and 1,500 shares through the Helen W. Cornell Revocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports a routine transaction related to director compensation.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting terms encourage long-term commitment from the director.

Industry Context

Director ownership and equity-based compensation are common practices to align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation for directors is a standard practice across publicly traded companies.
• The specific terms of vesting and holding periods vary depending on company policy and industry norms.
• Companies like Dover Corporation and Roper Technologies, which operate in similar industrial sectors, also utilize restricted stock units as part of their director compensation packages.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.

Key Dates