Form 4: Hillenbrand Inc. Executive Carole Anne Phillips Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Carole Anne Phillips, Sr. VP & Chief Proc. Officer of Hillenbrand, Inc., reported the acquisition of restricted stock units on December 31, 2024.
Summary
- On December 31, 2024, Carole Anne Phillips, Sr. VP & Chief Proc. Officer of Hillenbrand, Inc., acquired restricted stock units.
- These units are related to deferred stock awards from September 12, 2022, December 7, 2022, December 7, 2023, and December 5, 2024.
- Phillips acquired 28 units from the 09/12/2022 award, 4 units from the 12/07/2022 award, 11 units from the 12/7/2023 award, and 19 units from the 12/5/2024 award.
- Following these transactions, Phillips directly owns 3,869, 563, 1,585, and 2,745 restricted stock units from the respective awards.
- The restricted stock units are entitled to dividend equivalent rights and represent the contingent right to receive one share of Hillenbrand's common stock per unit.
- The vesting schedules for these units vary, with some vesting in installments on specific dates in 2023, 2024, 2025, 2026 and 2027.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The acquisition of restricted stock units is generally viewed neutrally to slightly positive, as it indicates an executive's alignment with the company's performance.
Positives
- The acquisition of restricted stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. They provide transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units by a company executive can have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/12/2022 | Date of deferred stock award related to some of the acquired restricted stock units. |
| 12/07/2022 | Date of deferred stock award related to some of the acquired restricted stock units. |
| 12/7/2023 | Date of deferred stock award related to some of the acquired restricted stock units. |
| 12/31/2024 | Date of transaction: Acquisition of restricted stock units. |
| 12/5/2024 | Date of deferred stock award related to some of the acquired restricted stock units. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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