Form 4: Hillenbrand Executive Nicholas Farrell Reports Acquisition of Restricted Stock Units

Nicholas Farrell, Sr. VP, GC & Secretary of Hillenbrand, Inc., reports the acquisition of restricted stock units and matching RSUs on March 31, 2025.

Summary

• On March 31, 2025, Nicholas R. Farrell, a Senior VP, GC & Secretary at Hillenbrand, Inc., acquired several tranches of Restricted Stock Units (RSUs) and Matching RSUs.
• These RSUs are part of deferred stock award programs from 2022, 2023 and 2024, and a matching RSU framework.
• Specifically, Farrell acquired 145 RSUs from the 6/29/22 award, 13 RSUs from the 12/7/22 award, 40 RSUs from the 12/7/23 award, and 92 RSUs from the 12/5/24 award.
• Additionally, 7,054 Matching RSUs were granted under the Executive Share Match framework.
• The RSUs represent a contingent right to receive one share of Hillenbrand's common stock and are entitled to dividend equivalent rights.
• The vesting schedules for the deferred stock awards vary, with some vesting in thirds annually on specific dates in June and December.
• The Matching RSUs will vest on March 31, 2028, and will be settled in shares of the company's common stock or cash if the vesting conditions are met.
• Following these transactions, Farrell directly owns 57,798 shares of Hillenbrand common stock and varying amounts of RSUs from different grants.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and alignment of interests with shareholders through equity.

Positives

• The acquisition of RSUs and Matching RSUs suggests continued alignment of the executive's interests with those of the shareholders.
• The Executive Share Match framework incentivizes long-term performance, as the Matching RSUs vest on March 31, 2028.

Future Outlook

The Matching RSUs granted under the Executive Share Match framework will vest on March 31, 2028, contingent upon meeting the vesting conditions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The acquisition of RSUs is a common form of executive compensation.

Stakeholder Impact

• The acquisition of RSUs aligns the executive's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.
• Employees may view the Executive Share Match framework as a positive incentive for management.

Key Dates

Keywords

Restricted Stock Units, RSU, Hillenbrand, Insider Trading, Form 4, Executive Compensation, Nicholas Farrell, Matching RSUs