Hillenbrand (HI) director has 14,027 RSUs cancelled and paid out in $32-per-share merger
Rhea-AI Filing Summary
Hillenbrand, Inc. director Inderpreet Sawhney reported the cash-out of equity awards tied to the company’s merger. On February 10, 2026, all 14,027 restricted stock units were disposed of, leaving zero derivative securities owned directly. This followed the closing of Hillenbrand’s merger with LSF12 Helix Parent, LLC.
At the merger’s effective time, each share of Hillenbrand common stock was converted into the right to receive $32.00 in cash. Each time‑vesting restricted stock unit and vested deferred share was cancelled in exchange for a cash payment based on the number of shares underlying the award multiplied by the $32.00 merger consideration, less withholding taxes.
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Insights
Director RSUs were cashed out at $32 per share in Hillenbrand’s go-private merger.
The transaction shows how Hillenbrand, Inc. equity awards were treated when LSF12 Helix Parent, LLC acquired the company. Director Inderpreet Sawhney had 14,027 restricted stock units cancelled as part of the merger mechanics, receiving cash instead of future stock settlement.
The filing confirms all time‑vesting restricted stock units and vested deferred shares became cash-settled at $32.00 per underlying share at the merger’s effective time. This left Sawhney with zero derivative securities directly owned after the deal. Subsequent company disclosures may provide broader context on post‑merger capital structure and ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 14,027 | $0.00 | -- |
Footnotes (1)
- On February 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 14, 2025, by and among Hillenbrand, Inc., an Indiana corporation (the "Issuer"), LSF12 Helix Parent, LLC, a Delaware limited liability company ("Parent"), and LSF12 Helix Merger Sub, Inc., an Indiana corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), on the terms and subject to the conditions set forth in the Merger Agreement, each share of the Issuer's common stock, without par value ("Common Stock"), issued and outstanding immediately prior to such time, with certain exceptions, was converted into the right to receive $32.00 in cash (the "Merger Consideration"), without interest. Each restricted stock unit represents the contingent right to receive one share of the Common Stock. At the Effective Time, each time-vesting restricted stock unit and each vested deferred share granted or deemed purchased pursuant to an Issuer equity incentive or deferred compensation plan (each, a "Company Restricted Stock Unit") outstanding immediately prior to the Effective Time, whether vested or unvested, was cancelled in consideration for the right to receive a cash payment equal to the product of (i) the number of shares of Common Stock subject to such Company Restricted Stock Unit and (ii) the Merger Consideration, less any required withholding taxes.
