HI Form 4: Inderpreet Sawhney receives 114 restricted stock units

Q: What did Hillenbrand director Inderpreet Sawhney report on Form 4 (HI)?

He reported receipt of restricted stock units totaling 114 on 09/30/2025 .

Q: Do the reported Restricted Stock Units carry dividend rights?

Yes, the RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

Q: How many RSUs were granted in each award reported on 09/30/2025?

The filing lists grants of 7 , 23 , 24 , 26 , and 34 units respectively.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hillenbrand director Inderpreet Sawhney reported receipt of restricted stock units on 09/30/2025. The filing lists five deferred stock awards totaling 114 Restricted Stock Units (7, 23, 24, 26, and 34 units). Each unit represents a contingent right to one share of common stock and carries dividend equivalent rights. The units have zero purchase price and vest on the earlier of the next annual meeting or one year from grant, with immediate vesting if a change in control, the director's death or disability, or the director’s termination occurs.

Positive

114 Restricted Stock Units granted to align director compensation with shareholder value
Dividend equivalent rights accrue, preserving economic parity with common shares

Negative

Zero price grants increase potential dilution to existing shareholders
Awards include accelerated vesting on change in control, which may accelerate dilution

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Sawhney Inderpreet

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units (Deferred Stock Award 6/23/21)	7	$0.00	--
Grant/Award	Restricted Stock Units (Deferred Stock Award 2/10/22)	23	$0.00	--
Grant/Award	Restricted Stock Units (Deferred Stock Award 2/24/2023)	24	$0.00	--
Grant/Award	Restricted Stock Units (Deferred Stock Award 2/20/24)	26	$0.00	--
Grant/Award	Restricted Stock Units (Deferred Stock Award 2/18/25)	34	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units (Deferred Stock Award 6/23/21) — 868 shares (Direct); Restricted Stock Units (Deferred Stock Award 2/10/22) — 2,862 shares (Direct); Restricted Stock Units (Deferred Stock Award 2/24/2023) — 2,913 shares (Direct); Restricted Stock Units (Deferred Stock Award 2/20/24) — 3,165 shares (Direct); Restricted Stock Units (Deferred Stock Award 2/18/25) — 4,122 shares (Direct); Common Stock — 0 shares (Direct)

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 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 stock units will immediately vest upon, and in any case delivery of the shares underlying these 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/02/2025 - 04:04 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Sawhney Inderpreet

(Last)

(First)

(Middle)

ONE BATESVILLE BOULEVARD

(Street)

BATESVILLE

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								0	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units (Deferred Stock Award 6/23/21)	⁽¹⁾	09/30/2025		A⁽²⁾		7		⁽³⁾	⁽³⁾	Common Stock	7	$0	868	D
Restricted Stock Units (Deferred Stock Award 2/10/22)	⁽¹⁾	09/30/2025		A⁽²⁾		23		⁽³⁾	⁽³⁾	Common Stock	23	$0	2,862	D
Restricted Stock Units (Deferred Stock Award 2/24/2023)	⁽¹⁾	09/30/2025		A⁽²⁾		24		⁽³⁾	⁽³⁾	Common Stock	24	$0	2,913	D
Restricted Stock Units (Deferred Stock Award 2/20/24)	⁽¹⁾	09/30/2025		A⁽²⁾		26		⁽³⁾	⁽³⁾	Common Stock	26	$0	3,165	D
Restricted Stock Units (Deferred Stock Award 2/18/25)	⁽¹⁾	09/30/2025		A⁽²⁾		34		⁽³⁾	⁽³⁾	Common Stock	34	$0	4,122	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. 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 stock units will immediately vest upon, and in any case delivery of the shares underlying these 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.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Inderpreet Sawhney	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Hillenbrand director Inderpreet Sawhney report on Form 4 (HI)?

He reported receipt of restricted stock units totaling 114 on 09/30/2025.

When do the Restricted Stock Units reported by Inderpreet Sawhney vest?

They vest on the earlier of the issuer's next annual meeting or one year from grant, and they immediately vest on a change in control, the director's death or permanent disability, or one day after the director ceases to be a director.

Do the reported Restricted Stock Units carry dividend rights?

Yes, the RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

What is the cost to the reporting person for these awards?

The filing shows a $0 price for the underlying common stock associated with these RSUs.

How many RSUs were granted in each award reported on 09/30/2025?

The filing lists grants of 7, 23, 24, 26, and 34 units respectively.