Hillenbrand (NYSE: HI) director discloses restricted stock units and trust holdings
Rhea-AI Filing Summary
Hillenbrand, Inc. director reports new stock-based awards. The filing shows director Helen W. Cornell reporting multiple grants of restricted stock units as deferred stock awards dated 12/31/2025, each representing the right to receive one share of Hillenbrand common stock at an exercise price of $0.
The restricted stock units carry dividend equivalent rights that accrue on dividend record dates. Some awards vest immediately upon grant but require the director to hold the underlying shares for a period after leaving the board, while others vest on the earlier of the next annual shareholder meeting or one year from grant, with share delivery tied to events such as a change in control, death, disability, or the director ceasing to serve.
The filing also shows indirect ownership of Hillenbrand common stock held through the Helen W. Cornell 2020 Irrevocable Trust and the Helen W. Cornell Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/22/12) | 46 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/27/13) | 37 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/26/14) | 29 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/25/15) | 29 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/24/16) | 33 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/22/17) | 23 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/15/18) | 21 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/14/19) | 21 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/13/20) | 31 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/11/21) | 22 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/10/22) | 20 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/24/23) | 31 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/20/24) | 36 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/18/25) | 48 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock. Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates. These Restricted Stock Units vest immediately upon grant. However, for awards granted prior to May 2014, directors must hold the underlying shares of common stock of the Company for six months after they cease serving as a director, and for awards granted in May 2014 or later, directors must hold the underlying shares of common stock of the Company for one day after the director ceases serving. These Restricted Stock Units vest on the earlier to occur of the issuer's next annual meeting of shareholders or one year from the date of grant; provided, that these Restricted Stock Units will immediately vest upon, and in any case delivery of the shares underlying these Restricted Stock Units will not occur until, the occurrence of one of the following: a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer.
FAQ
What does this Hillenbrand (HI) insider filing report?
The filing reports that director Helen W. Cornell acquired multiple grants of restricted stock units on 12/31/2025, along with her updated beneficial ownership in Hillenbrand common stock.
Who is the reporting person in this Hillenbrand Form 4?
The reporting person is Helen W. Cornell, who is identified in the filing as a director of Hillenbrand, Inc.
What type of securities did the Hillenbrand director receive?
She received restricted stock units (described as deferred stock awards), each representing the contingent right to receive one share of Hillenbrand common stock at an exercise price of $0.
When were the restricted stock units for Helen W. Cornell dated?
The restricted stock unit entries in the filing are tied to a transaction date of 12/31/2025, covering multiple deferred stock award grants from prior years.
How do the restricted stock units for the Hillenbrand director vest?
The filing explains that certain awards vest immediately upon grant but require the director to hold the underlying shares for a period after ceasing to serve, while others vest on the earlier of the next annual shareholder meeting or one year from the grant date, with share delivery tied to events such as change in control, death, disability, or the director leaving the board.
Do the Hillenbrand restricted stock units include dividend equivalent rights?
Yes. The filing states that the restricted stock units are entitled to dividend equivalent rights that accrue on dividend record dates.