HI Insider Filing: 69,299 Shares Disposed; Multiple RSUs Added

Rhea-AI Filing Summary

Nicholas R. Farrell, Sr. VP, GC & Secretary of Hillenbrand, Inc. (HI), reported transactions on 09/30/2025 in a Form 4 filing. The filing shows a disposition of 69,299 shares of common stock (Code V) and multiple entries recording the acquisition/vesting or grant of Restricted Stock Units (RSUs) totaling reported underlying shares: 12, 36, 83, 59, and 11,501. Following those RSU entries, the filing lists beneficially owned share counts of 1,508, 4,451, 10,174, 7,192, and 11,501 respectively. The RSUs carry dividend equivalent rights and have specified vesting schedules and settlement mechanics, including matching RSUs under an Executive Share Match framework that vest in 2028 and may be settled in shares or cash. The Form 4 is signed by Allison A. Westfall, Attorney-in-Fact on 10/02/2025.

Positive

• Disclosure compliance: Form 4 filed showing detailed transactions and vesting schedules
• RSU grants documented with explicit vesting dates and dividend equivalent rights
• Matching RSU framework disclosed with settlement mechanics through 2028

Negative

• None.

Insights

Corporate Governance Specialist

Insider reported large Code V disposition and multiple RSU entries on 09/30/2025.

The filing identifies Nicholas R. Farrell as the reporting officer and records a 69,299-share disposition coded V, which indicates a transaction related to the vesting or settlement of previously granted equity awards rather than an open-market sale.

The filing also records acquisitions or awards of RSUs totaling 11,691 newly reported underlying shares in discrete grants and matching awards, with explicit vesting schedules and dividend equivalent rights. The presence of matching RSUs under an Executive Share Match framework notes potential future settlement in shares or cash contingent on vesting conditions through 2028.

Compensation Analyst

Multiple RSU grants and matching awards reflect ongoing executive equity compensation activity.

The filing lists RSU grants from awards dated 12/7/2022, 12/7/2023, 12/5/2024, and match frameworks dated 03/31/2025 and 10/01/2025, with specified vesting tranches through 2028. Each RSU converts to one share upon settlement and accrues dividend equivalents.

Reported beneficial ownership counts following the transactions are provided for each award line, enabling reconciliation of post-transaction holdings for disclosure purposes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FARRELL NICHOLAS R

(Last) (First) (Middle)

ONE BATESVILLE BOULEVARD

(Street)

BATESVILLE IN 47006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hillenbrand, Inc. [ HI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, GC & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								69,299	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Deferred Stock Award 12/7/2022)	(1)	09/30/2025		A(2)		12		(3)	(3)	Common Stock	12	$0	1,508	D
Restricted Stock Units (Deferred Stock Award 12/7/2023)	(1)	09/30/2025		A(2)		36		(4)	(4)	Common Stock	36	$0	4,451	D
Restricted Stock Units (Deferred Stock Award 12/5/2024)	(1)	09/30/2025		A(2)		83		(5)	(5)	Common Stock	83	$0	10,174	D
Restricted Stock Units (Matching RSU Framework 03/31/2025)	(1)	09/30/2025		A(2)		59		(6)	(6)	Common Stock	59	$0	7,192	D
Restricted Stock Units (Matching RSU Framework 10/1/2025)	(1)	10/01/2025		A(2)		11,501		(7)	(7)	Common Stock	11,501	$0	11,501	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock.

2. Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.

3. Restricted Stock Units scheduled to vest one-third on 12/7/2023, one-third on 12/7/2024, and one-third on 12/7/2025.

4. Restricted Stock Units scheduled to vest one-third on 12/7/2024, one-third on 12/7/2025, and one-third on 12/7/2026.

5. Restricted Stock Units scheduled to vest one-third on 12/5/2025, one-third on 12/5/2026, and one-third on 12/5/2027.

6. Represents Matching RSUs granted under the Company's Executive Share Match framework that will vest on March 31, 2028, and be settled in shares of the Company's common stock or cash to the extent the vesting conditions of the framework are satisfied.

7. Represents Matching RSUs granted under the Company's Executive Share Match framework that will vest on October 1, 2028, and be settled in shares of the Company's common stock or cash to the extent the vesting conditions of the framework are satisfied.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Nicholas R. Farrell	10/02/2025
	** Signature of Reporting Person	Date
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FAQ

Who filed the Form 4 for Hillenbrand (HI)?

The Form 4 reports transactions by Nicholas R. Farrell, Sr. VP, GC & Secretary.

What shares were disposed of on 09/30/2025?

The filing reports a disposition of 69,299 shares of common stock coded V on 09/30/2025.

Which RSU awards were reported as acquired or granted?

RSU entries on 09/30/2025 include amounts of 12, 36, 83, 59, and 11,501 underlying shares tied to awards from 12/7/2022, 12/7/2023, 12/5/2024, and match frameworks dated 03/31/2025 and 10/01/2025.

What vesting or settlement terms are disclosed for the RSUs?

The filing states vesting tranches for the older RSUs (one-third over three years) and that matching RSUs vest on 03/31/2028 and 10/01/2028 and may be settled in shares or cash.

Who signed the Form 4 and when?

The form was signed by Allison A. Westfall, Attorney-in-Fact for Nicholas R. Farrell on 10/02/2025.