Form 4: Hillenbrand Executive's Shares Converted in Merger

Megan A. Walke's Hillenbrand shares and restricted stock units were converted to cash following the company's merger into a subsidiary of LSF12 Helix Parent, LLC.

Summary

• Hillenbrand, Inc. completed its merger on February 10, 2026, becoming a wholly-owned subsidiary of LSF12 Helix Parent, LLC.
• Each outstanding share of Hillenbrand common stock, with certain exceptions, was converted into the right to receive $32.00 in cash.
• Megan A. Walke, serving as Interim CFO, VP, CC, & CAO, reported the conversion of her common stock and restricted stock units (RSUs) into cash as a result of the merger.
• A total of 6,423 shares of common stock were disposed of, and 10,280 restricted stock units were cancelled, all in exchange for the merger consideration.
• Additionally, 3,382 performance-based restricted stock units were converted into common stock and then immediately disposed of for cash, based on achievement at the greater of target and actual performance levels.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing the mechanical conversion of equity holdings as part of a previously announced and completed merger, with no new material information impacting future valuation.

Industry Context

StockSavvy.ai notes this is a standard outcome for executives' equity holdings during a take-private or acquisition, reflecting the agreed-upon merger terms and the conversion of outstanding securities into the specified cash consideration.

Stakeholder Impact

• Shareholders received $32.00 per share in cash for their common stock.
• The reporting person's equity holdings (common stock and restricted stock units) were converted to cash as per the merger agreement.

Key Dates

Keywords

Hillenbrand, HI, Merger, Form 4, Beneficial Ownership, Restricted Stock Units, Cash Consideration, LSF12 Helix Parent