Form 4: Hillenbrand, Inc. Executive Kimberly K. Ryan Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Kimberly K. Ryan, President & CEO of Hillenbrand, Inc., reports the acquisition of restricted stock units on June 28, 2024, according to a Form 4 filing with the SEC.
Summary
- Kimberly K. Ryan, President & CEO of Hillenbrand, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of restricted stock units on June 28, 2024.
- These restricted stock units are related to deferred stock awards from 2021, 2022, and 2023.
- Ryan acquired 42 restricted stock units from the 2021 award, 107 from the 2022 award, and 228 from the 2023 award.
- The restricted stock units vest in three annual installments.
- Following the reported transactions, Ryan directly owns 135,953.745 shares of Hillenbrand, Inc. common stock.
- The filing was signed by Veronica L. McCarthy, Attorney-in-Fact for Kimberly K. Ryan, on July 2, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. There are no indications of significant positive or negative events.
Positives
- The acquisition of restricted stock units suggests continued alignment of the executive's interests with those of the shareholders.
- The vesting schedule of the restricted stock units incentivizes long-term performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units to align executive interests with shareholder value.
- Vesting schedules are a common mechanism to ensure long-term commitment and performance.
- The number of shares owned by Kimberly K. Ryan is not unusual for a President & CEO of a company of Hillenbrand's size.
Stakeholder Impact
- The acquisition of restricted stock units aligns the executive's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| 12/2/2021 | Date of the Deferred Stock Award for some of the Restricted Stock Units. |
| 12/7/2022 | Date of the Deferred Stock Award for some of the Restricted Stock Units. |
| 12/7/2023 | Date of the Deferred Stock Award for some of the Restricted Stock Units. |
| 06/28/2024 | Date of the transaction (acquisition of restricted stock units). |
| 07/02/2024 | Date the Form 4 was signed. |
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