Form 4: Hillenbrand Inc. Executive Nicholas Farrell Executes Stock Options and Sells Shares
SEC Form 4 Filing
Nicholas Farrell, Sr. VP, GC & Secretary of Hillenbrand Inc., exercised stock options and sold shares on March 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 15, 2024, Nicholas R. Farrell, a Senior VP, GC & Secretary at Hillenbrand, Inc., executed employee stock options to acquire common stock.
- Farrell exercised options to acquire 3,142 shares at $31.11 per share, and then sold those shares at $48.50.
- He also exercised options to acquire 2,700 shares at $31.11 per share, and then sold those shares at $46.16.
- He also exercised options to acquire 2,700 shares at $31.11 per share, and then sold those shares at $46.16.
- These transactions were executed under a pre-arranged 10b5-1 trading plan adopted on December 13, 2023.
- Following these transactions, Farrell directly owns 41,951 shares of Hillenbrand, Inc. common stock.
- Farrell also owns 5,842 employee stock options (right to buy) and 2,700 employee stock options (right to buy) and 0 employee stock options (right to buy).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Executive compensation packages, including stock options, are standard practice across publicly traded companies.
- The use of 10b5-1 trading plans is a common method for executives to manage their stock transactions while avoiding accusations of insider trading.
- Comparable companies in the industrial sector also utilize stock options as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent routine executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 12/02/2016 | Date options vest in three equal installments beginning on this date |
| 12/13/2023 | Date of adoption of 10b5-1 trading plan |
| 03/15/2024 | Date of stock option exercise and share sales |
| 03/18/2024 | Date of Form 4 signature |
| 12/02/2025 | Expiration date of employee stock options |
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