Form 4: Hillenbrand Director Stuart A. Taylor II Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Stuart A. Taylor II reports the acquisition of restricted stock units in Hillenbrand, Inc. on September 30, 2024.
Summary
- On September 30, 2024, Stuart A. Taylor II, a director of Hillenbrand, Inc., acquired restricted stock units.
- These units are related to deferred stock awards from various dates ranging from February 2009 to February 2024.
- The acquisitions include 57 units from the 2009 award, 51 from 2010, 45 from 2011, 44 from 2012, 40 from 2013, 31 each from 2014 and 2015, 35 from 2016, 25 from 2017, 22 each from 2018, 2019 and 2023, 33 from 2020, 23 from 2021, 21 from 2022, 24 from 2024, and 85 units related to deferred director fees.
- The price for each of these derivative securities is $0.
- The director now directly owns varying amounts of restricted stock units, ranging from 2,763 to 12,458 units depending on the grant date.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it is a standard reporting of stock unit acquisition. It suggests confidence from the director but doesn't provide strong positive or negative signals.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and holding requirements described are common practices in corporate governance.
- Companies like Dover Corporation and Illinois Tool Works also use similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The acquisition of restricted stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 2009-02-11 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2010-02-24 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2011-02-23 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2012-02-22 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2013-02-27 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2014-02-26 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2015-02-25 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2016-02-24 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2017-02-22 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2018-02-15 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2019-02-14 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2020-02-13 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2021-02-11 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2022-02-10 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2023-02-24 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2024-02-20 | Date of Deferred Stock Award related to Restricted Stock Units |
| 2024-09-30 | Date of transaction: Acquisition of restricted stock units |
| 2024-10-02 | Date of report filing |
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