[Form 4] Hillenbrand, Inc. Insider Trading Activity

Q: What did Hillenbrand director Neil S. Novich report on 09/30/2025 (HI)?

Mr. Novich reported receiving 543 restricted stock units on 09/30/2025 , each representing a contingent right to one share of common stock.

Q: Do the RSUs pay dividends or dividend equivalents?

Yes; the filing states RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

Q: When do the reported RSUs vest or convert to shares?

Vesting varies by grant: some RSUs vest immediately , others vest at the issuer's next annual meeting or within one year, and certain awards convert to shares upon the director's retirement.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Neil S. Novich, a director of Hillenbrand, Inc. (HI), reported acquisitions of 543 restricted stock units (RSUs) on 09/30/2025 tied to past director awards and deferred fees. Each RSU represents a contingent right to one share and accrues dividend equivalents. Several RSU tranches vested immediately on grant while others vest at the next annual meeting or within one year; certain awards convert to shares on retirement. The reported acquisitions were issued at $0 as compensation and increase Mr. Novich's direct beneficial ownership in the company.

Positive

543 RSUs acquired on 09/30/2025, increasing director alignment with shareholders
RSUs accrue dividend equivalents, preserving economic parity with common shares

Negative

None.

Insights

Director received 543 RSUs, reflecting routine compensation.

Form 4 shows 543 RSUs granted or converted for Mr. Novich on 09/30/2025, consistent with director equity compensation practices rather than open-market trades.

This filing documents immediate vesting for several prior awards and retention/holding requirements that differ by grant date; these conditions affect when shares will be deliverable and how long the director must hold them after leaving the board.

All RSUs are compensation-based and carry dividend equivalents.

The RSUs are reported with a $0 price and each unit converts to one share, indicating non‑cash compensation. Some units vest immediately while others vest on the next annual meeting or within a year, and certain awards convert on retirement.

The mix of vesting schedules and the automatic conversion on retirement determine the timing of share issuance but no cash transaction occurred on the reported date.

10/02/2025 - 04:17 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^*

NOVICH NEIL S

(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 2/24/10)	⁽¹⁾	09/30/2025		A⁽²⁾		33		⁽³⁾	⁽³⁾	Common Stock	33	$0	4,049	D
Restricted Stock Units (Deferred Stock Award 2/23/11)	⁽¹⁾	09/30/2025		A⁽²⁾		50		⁽³⁾	⁽³⁾	Common Stock	50	$0	6,094	D
Restricted Stock Units (Deferred Stock Award 2/22/12)	⁽¹⁾	09/30/2025		A⁽²⁾		47		⁽³⁾	⁽³⁾	Common Stock	47	$0	5,794	D
Restricted Stock Units (Deferred Stock Award 2/27/13)	⁽¹⁾	09/30/2025		A⁽²⁾		43		⁽³⁾	⁽³⁾	Common Stock	43	$0	5,295	D
Restricted Stock Units (Deferred Stock Award 2/26/14)	⁽¹⁾	09/30/2025		A⁽²⁾		33		⁽³⁾	⁽³⁾	Common Stock	33	$0	4,176	D
Restricted Stock Units (Deferred Stock Award 2/25/15)	⁽¹⁾	09/30/2025		A⁽²⁾		33		⁽³⁾	⁽³⁾	Common Stock	33	$0	4,126	D
Restricted Stock Units (Deferred Stock Award 2/24/16)	⁽¹⁾	09/30/2025		A⁽²⁾		38		⁽³⁾	⁽³⁾	Common Stock	38	$0	4,696	D
Restricted Stock Units (Deferred Stock Award 2/22/17)	⁽¹⁾	09/30/2025		A⁽²⁾		27		⁽³⁾	⁽³⁾	Common Stock	27	$0	3,319	D
Restricted Stock Units (Deferred Stock Award 2/15/18)	⁽¹⁾	09/30/2025		A⁽²⁾		24		⁽³⁾	⁽³⁾	Common Stock	24	$0	2,933	D
Restricted Stock Units (Deferred Stock Award 2/14/19)	⁽¹⁾	09/30/2025		A⁽²⁾		24		⁽³⁾	⁽³⁾	Common Stock	24	$0	2,942	D
Restricted Stock Units (Deferred Stock Award 2/13/20)	⁽¹⁾	09/30/2025		A⁽²⁾		36		⁽³⁾	⁽³⁾	Common Stock	36	$0	4,400	D
Restricted Stock Units (Deferred Stock Award 2/11/21)	⁽¹⁾	09/30/2025		A⁽²⁾		25		⁽⁴⁾	⁽⁴⁾	Common Stock	25	$0	3,099	D
Restricted Stock Units (Deferred Stock Award 2/10/22)	⁽¹⁾	09/30/2025		A⁽²⁾		23		⁽⁴⁾	⁽⁴⁾	Common Stock	23	$0	2,862	D
Restricted Stock Units (Deferred Stock Award 2/24/23)	⁽¹⁾	09/30/2025		A⁽²⁾		24		⁽⁴⁾	⁽⁴⁾	Common Stock	24	$0	2,913	D
Restricted Stock Units (Deferred Stock Award 2/20/24)	⁽¹⁾	09/30/2025		A⁽²⁾		26		⁽⁴⁾	⁽⁴⁾	Common Stock	26	$0	3,165	D
Restricted Stock Units (Deferred Stock Award 2/18/25)	⁽¹⁾	09/30/2025		A⁽²⁾		34		⁽⁴⁾	⁽⁴⁾	Common Stock	34	$0	4,122	D
Deferred Director Fees	⁽¹⁾	09/30/2025		A⁽²⁾		23		⁽⁵⁾	⁽⁵⁾	Common Stock	23	$0	3,515	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 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.

4. 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.

5. These Restricted Stock Units will be automatically converted into shares of stock upon the reporting person's retirement from the Board of Directors of the Company.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Neil S. Novich	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 Neil S. Novich report on 09/30/2025 (HI)?

Mr. Novich reported receiving 543 restricted stock units on 09/30/2025, each representing a contingent right to one share of common stock.

Were the reported RSUs purchased with cash or issued as compensation?

The RSUs were reported at a $0 price, indicating they were issued as compensation rather than an open-market purchase.

Do the RSUs pay dividends or dividend equivalents?

Yes; the filing states RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

When do the reported RSUs vest or convert to shares?

Vesting varies by grant: some RSUs vest immediately, others vest at the issuer's next annual meeting or within one year, and certain awards convert to shares upon the director's retirement.

Does this Form 4 show any open-market sales or purchases by the director?

No. The filing lists only RSU acquisitions and no open-market purchases or dispositions of common stock.

[Form 4] Hillenbrand, Inc. Insider Trading Activity

Insights

FAQ

What did Hillenbrand director Neil S. Novich report on 09/30/2025 (HI)?

Were the reported RSUs purchased with cash or issued as compensation?

Do the RSUs pay dividends or dividend equivalents?

When do the reported RSUs vest or convert to shares?

Does this Form 4 show any open-market sales or purchases by the director?

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[Form 4] Hillenbrand, Inc. Insider Trading Activity

Insights

Corporate Governance Expert positive

Equity Compensation Expert positive

FAQ

What did Hillenbrand director Neil S. Novich report on 09/30/2025 (HI)?

Were the reported RSUs purchased with cash or issued as compensation?

Do the RSUs pay dividends or dividend equivalents?

When do the reported RSUs vest or convert to shares?

Does this Form 4 show any open-market sales or purchases by the director?

NYSE:HI

HI Rankings

HI Latest News

HI Latest SEC Filings

HI Stock Data