Form 4: Hillenbrand Inc. Executive Carole Anne Phillips Reports Stock Transactions
SEC Form 4
Carole Anne Phillips, Sr. VP & Chief Proc. Officer of Hillenbrand, Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 29, 2024, Carole Anne Phillips, Sr. VP & Chief Proc. Officer of Hillenbrand, Inc., reported transactions involving the company's common stock and restricted stock units.
- Phillips acquired 33, 4, and 10 restricted stock units related to deferred stock awards from 2022 and 2023.
- Phillips also disposed of 7 shares of common stock to cover tax obligations at a price of $50.29.
- Additionally, 16 restricted stock units were converted into common stock.
- Following these transactions, Phillips directly owns 2,341 shares of common stock and holds various amounts of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions themselves are unlikely to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/12/2022 | Date of deferred stock award for some restricted stock units. |
| 12/07/2022 | Date of deferred stock award for some restricted stock units. |
| 12/7/2023 | Date of deferred stock award for some restricted stock units. |
| 03/15/2024 | Vesting date for one-half of some restricted stock units from 09/12/2022 award. |
| 03/29/2024 | Date of reported transactions: acquisition and disposal of common stock and restricted stock units. |
| 03/15/2025 | Vesting date for one-half of some restricted stock units from 09/12/2022 award. |
| 12/7/2024 | Vesting date for one-third of some restricted stock units from 12/07/2022 and 12/7/2023 awards. |
| 12/7/2025 | Vesting date for one-third of some restricted stock units from 12/07/2022 and 12/7/2023 awards. |
| 12/7/2026 | Vesting date for one-third of some restricted stock units from 12/7/2023 award. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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