Form 4: Hillenbrand Inc. Executive Nicholas R. Farrell Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President, General Counsel, and Secretary of Hillenbrand Inc., Nicholas R. Farrell, reports the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.
Summary
- Nicholas R. Farrell, a Senior Vice President at Hillenbrand Inc., reported transactions involving the company's stock on December 7, 2024.
- These transactions include the vesting of 3,603 restricted stock units, which converted into common stock.
- Additionally, 1,545 shares were withheld to cover tax obligations at a price of $33.1 per share.
- Following these transactions, Farrell directly owns 56,598 shares of Hillenbrand Inc. common stock.
- The restricted stock units that vested were from awards granted in 2022 and 2023, with vesting schedules over three years.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and does not indicate any unusual or concerning activity. The transactions are routine and expected.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- The vesting schedule of the restricted stock units, with one-third vesting annually over three years, is a common practice in executive compensation packages.
- The withholding of shares to cover tax obligations is also a standard procedure in such transactions.
- Similar filings are regularly made by executives at comparable companies such as Dover Corporation and Pentair plc.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- The vesting of stock units may slightly increase the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 12/07/2022 | Date of the first restricted stock unit award that vested on 12/07/2024. |
| 12/07/2023 | Date of the second restricted stock unit award that vested on 12/07/2024 and the first vesting date of the 2022 award. |
| 12/07/2024 | Date of the reported transactions, including vesting of restricted stock units and tax withholding. |
| 12/10/2024 | Date the SEC Form 4 was signed. |
Keywords
Hillenbrand Inc., Nicholas R. Farrell, restricted stock units, stock vesting, insider trading, SEC Form 4, executive compensation
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