Form 4: Hillenbrand Director Stuart A. Taylor II Reports Acquisition of Restricted Stock Units

Director Stuart A. Taylor II reports the acquisition of restricted stock units in Hillenbrand, Inc. on March 31, 2025.

Summary

• On March 31, 2025, Stuart A. Taylor II, a director of Hillenbrand, Inc., acquired restricted stock units.
• These units are related to deferred stock awards from various dates between February 2009 and February 2025.
• The restricted stock units convert to common stock, with the number of units acquired varying from 25 to 105 depending on the grant date.
• Taylor directly owns 7,428 to 12,640 restricted stock units from the various grants.
• The restricted stock units are entitled to dividend equivalent rights which accrue on dividend record dates.
• The restricted stock units vest immediately upon grant, but the underlying shares must be held for a period after ceasing to be a director.
• For awards granted prior to May 2014, directors must hold the underlying shares of common stock of the Company for six months after they cease serving as a director, and for awards granted in May 2014 or later, directors must hold the underlying shares of common stock of the Company for one day after the director ceases serving.
• The restricted stock units vest on the earlier to occur of the issuer's next annual meeting of shareholders or one year from the date of grant; provided, that these Restricted Stock Units will immediately vest upon, and in any case delivery of the shares underlying these Restricted Stock Units will not occur until, the occurrence of one of the following: a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.
• Deferred director fees resulted in the acquisition of 105 restricted stock units, which will be converted into shares upon retirement from the Board.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by a director is generally seen as a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align their interests with shareholders.
• Vesting schedules and holding periods are common features designed to incentivize long-term value creation.
• The specific terms of these awards, such as the holding period after ceasing to be a director, can vary across companies and industries.

Stakeholder Impact

• Shareholders may view the director's acquisition of restricted stock units as a positive sign, aligning management's interests with their own.
• The vesting conditions encourage the director's long-term commitment to the company's success.

Key Dates

Keywords

restricted stock units, director, Hillenbrand, Form 4, beneficial ownership, equity securities, deferred stock award