Form 4: Hillenbrand Director Jennifer Rumsey Reports Acquisition of Restricted Stock Units
Insider Transaction Report
Hillenbrand, Inc. Director Jennifer Rumsey reported the acquisition of various Restricted Stock Units on June 30, 2025, increasing her direct beneficial ownership of derivative securities.
Summary
- Jennifer Rumsey, a Director of Hillenbrand, Inc. (HI), reported changes in her beneficial ownership of company securities.
- As of the filing, Jennifer Rumsey indirectly beneficially owns 587 shares of Common Stock through The Revocable Living Trust Agreement Jennifer W. Rumsey.
- On June 30, 2025, Ms. Rumsey acquired 6 Restricted Stock Units (RSUs) from a Deferred Stock Award dated August 5, 2020, bringing her direct beneficial ownership of this specific award to 618 RSUs.
- On June 30, 2025, Ms. Rumsey acquired 34 RSUs from a Deferred Stock Award dated February 11, 2021, bringing her direct beneficial ownership of this specific award to 3,074 RSUs.
- On June 30, 2025, Ms. Rumsey acquired 31 RSUs from a Deferred Stock Award dated February 10, 2022, bringing her direct beneficial ownership of this specific award to 2,839 RSUs.
- On June 30, 2025, Ms. Rumsey acquired 32 RSUs from a Deferred Stock Award dated February 24, 2023, bringing her direct beneficial ownership of this specific award to 2,889 RSUs.
- On June 30, 2025, Ms. Rumsey acquired 34 RSUs from a Deferred Stock Award dated February 20, 2024, bringing her direct beneficial ownership of this specific award to 3,139 RSUs.
- On June 30, 2025, Ms. Rumsey acquired 45 RSUs from a Deferred Stock Award dated February 18, 2025, bringing her direct beneficial ownership of this specific award to 4,088 RSUs.
- Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock and is entitled to dividend equivalent rights.
Sentiment
Score: 7
Explanation: The acquisition of Restricted Stock Units by a director generally indicates continued alignment of interests with shareholders and confidence in the company's long-term performance, as these awards typically vest over time and are tied to the company's stock performance.
Positives
- The acquisition of Restricted Stock Units by a director indicates continued alignment of interests with shareholders and confidence in the company's long-term performance.
- The RSU grants are part of a compensation structure designed to incentivize long-term commitment and performance from the director.
Future Outlook
The future delivery of shares from the acquired Restricted Stock Units is contingent upon specific events. For the 6 RSUs from the 2020 award, vesting occurred immediately upon grant, but share delivery is deferred until a change in control of the company, the director's death or permanent and total disability, or one day after the director ceases to be a director. For all other RSU awards, vesting will occur on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant, with share delivery similarly deferred until a change in control, death/disability, or cessation as a director.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies, reflecting changes in beneficial ownership of securities by company directors or officers. It provides transparency into how management's interests align with shareholders through equity compensation.
Related Party Transactions
- Jennifer Rumsey's indirect beneficial ownership of 587 common shares is held through The Revocable Living Trust Agreement Jennifer W. Rumsey, which is a related party.
- The acquisition of Restricted Stock Units represents director compensation, which is a standard related-party transaction in the context of executive and director remuneration.
Stakeholder Impact
- Shareholders: The report provides transparency on director equity ownership and compensation, indicating alignment of interests between management and shareholders through long-term equity incentives.
Next Steps
- Vesting of Restricted Stock Units for most awards will occur on the earlier of the issuer's next annual meeting of shareholders or one year from the date of grant.
- Delivery of shares underlying all Restricted Stock Units will occur upon a change in control of the company, the director's death or permanent and total disability, or one day after the director ceases to be a director of the company.
Key Dates
| Date | Description |
|---|---|
| 08/05/2020 | Date of initial Deferred Stock Award for 6 Restricted Stock Units. |
| 02/11/2021 | Date of initial Deferred Stock Award for 34 Restricted Stock Units. |
| 02/10/2022 | Date of initial Deferred Stock Award for 31 Restricted Stock Units. |
| 02/24/2023 | Date of initial Deferred Stock Award for 32 Restricted Stock Units. |
| 02/20/2024 | Date of initial Deferred Stock Award for 34 Restricted Stock Units. |
| 02/18/2025 | Date of initial Deferred Stock Award for 45 Restricted Stock Units. |
| 06/30/2025 | Transaction date for the acquisition of Restricted Stock Units. |
| 07/02/2025 | Signature date of the Form 4 filing by Allison A. Westfall, Attorney-in-Fact for Jennifer Rumsey. |
Keywords
Hillenbrand, HI, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Director Compensation, Equity Compensation
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