Form 4: Hillenbrand Director Reports Final Stock Disposal Post-Merger

Director Daniel C. Hillenbrand reported the disposal of all his direct and indirect beneficial ownership in Hillenbrand, Inc. 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

• Director Daniel C. Hillenbrand reported changes in beneficial ownership of Hillenbrand, Inc. common stock and restricted stock units.
• The changes occurred on February 10, 2026, due to a merger where Hillenbrand, Inc. became a wholly-owned subsidiary of LSF12 Helix Parent, LLC.
• Each share of Hillenbrand's common stock was converted into the right to receive $32.00 in cash.
• Daniel C. Hillenbrand disposed of 3,448 shares directly.
• Indirectly, through various trusts and partnerships, a total of 247,107 shares were disposed of (20,000 + 8,631 + 28,248 + 48,611 + 135,863 + 5,754).
• 24,786 Restricted Stock Units were cancelled and converted into a cash payment equal to the product of the units and the $32.00 merger consideration.
• Following these transactions, Daniel C. Hillenbrand's beneficial ownership of Hillenbrand, Inc. common stock and derivative securities is 0.

Sentiment

Score: 7

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

Positives

• Shareholders received a cash payment of $32.00 per share for their common stock, providing liquidity and a defined return.
• Restricted Stock Unit holders also received a cash payment based on the merger consideration, monetizing their equity awards.

Negatives

• The company ceased to be a publicly traded entity, removing future investment opportunities in its public shares.
• Existing shareholders no longer participate in any potential future growth or appreciation of Hillenbrand, Inc. as an independent public company.

Future Outlook

This Form 4 does not contain forward-looking statements about the company's future operations, as it reports a past transaction related to a change in ownership structure.

Industry Context

StockSavvy.ai notes that this transaction reflects a broader trend of private equity firms acquiring public companies, often driven by opportunities to unlock value, streamline operations, or integrate businesses away from public market scrutiny. Such acquisitions can be a strategic move for companies seeking to de-risk or for private equity to consolidate market positions.

Comparison to Industry Standards

• This filing reports a specific insider transaction following a merger, rather than operational results. Therefore, direct comparisons to industry-standard operational metrics or project results are not applicable.
• The $32.00 per share merger consideration would typically be evaluated against the company's historical stock price, analyst price targets, and valuations of comparable M&A transactions in the industrial or manufacturing sectors at the time the merger agreement was announced.

Stakeholder Impact

• Shareholders: Received $32.00 per share in cash, losing their equity stake in the public company.
• Employees: The filing does not provide information on employee impact, though mergers often lead to organizational restructuring.
• Customers/Suppliers/Creditors: The filing does not provide information on impact to these groups.

Key Dates

Keywords

Hillenbrand, HI, Merger, Form 4, Beneficial Ownership, Insider Transaction, Stock Disposal, Cash Acquisition, LSF12 Helix Parent