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 March 29, 2024.
Summary
- On March 29, 2024, Stuart A. Taylor II, a director of Hillenbrand, Inc., reported the acquisition of restricted stock units.
- These restricted stock units are related to deferred stock awards from 2009 to 2024.
- The acquired restricted stock units will convert into common stock, with vesting conditions varying based on the grant date.
- A total of 303 restricted stock units were acquired, relating to common stock.
- The director now beneficially owns varying amounts of restricted stock units from different award dates, ranging from 2,727 to 12,318 units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units by a director is a routine event, but it also signals confidence in the company's future.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future performance.
- The staggered vesting schedule of the restricted stock units aligns the director's interests with the long-term success of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of restricted stock units, a common form of executive compensation.
Comparison to Industry Standards
- Restricted stock units are a common form of equity compensation used across various industries to align the interests of directors and executives with those of shareholders.
- The vesting schedules and holding periods described in the document are generally consistent with standard practices for such awards.
- Companies like Dover Corporation, Fortive Corporation, and Roper Technologies also utilize similar equity compensation plans for their directors and executives.
Stakeholder Impact
- The acquisition of restricted stock units by a director can have a positive impact on shareholders by aligning the director's interests with the company's long-term success.
- Employees may view this as a positive sign of the company's health and stability.
Key Dates
| Date | Description |
|---|---|
| 02/11/2009 | Date of earliest deferred stock award related to acquired restricted stock units. |
| 02/24/2010 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/23/2011 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/22/2012 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/27/2013 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/26/2014 | Date of a deferred stock award related to acquired restricted stock units. |
| 05/2014 | Change in holding period for underlying shares of common stock after ceasing to be a director. |
| 02/25/2015 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/24/2016 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/22/2017 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/15/2018 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/14/2019 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/13/2020 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/11/2021 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/10/2022 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/24/2023 | Date of a deferred stock award related to acquired restricted stock units. |
| 02/20/2024 | Date of latest deferred stock award related to acquired restricted stock units. |
| 03/29/2024 | Date of transaction: Acquisition of restricted stock units. |
| 04/02/2024 | Date of report. |
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